Kamala borrowed 7 26,400 from a Bank to buy a scooter at a rate of 15% pa.
compounded yearly. What amount will she pay at the end of 2 years and 4 months to
clear the loan?
(Hint: Find A for 2 years with interest is compounded yearly and then find SI on the
Answers
Answered by
0
Answer:
Given :
T = 16 \12 , 4\3 years
P = 7264OO
R = 15 %
A = P (1 + r\1OO)^t
A =7264OO(1 + 15 x 1OO)^4\3
A = 7264OO( 23\2O)^4\3
Then use calculator ..And u can find your answer
Answered by
0
Answer:
Principal - Rs. 726400
Rate of Interest- 15% = 15/100
Time - 2 years + 4 months
= 4 months : 4/12
= 1/3
Simple Interest - P×R×T
= 726400×15×2×1/100×3
= Your Answer (SI)
= Amount = P+SI
= 726400+SI
= Amount.
The amount will be your answer..
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Hope it helps..
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