kamala borrowed rs 26400 from a bank to buy a scooter at a rate of 15% per annum compounded yearly what amount will she pay at the end o 2 years 4 months
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Given
P=₹26400
R=15%
Time =2yr 4 months
First making calculations for 2year
AMOUNT =P(1+r/100)^n
=26400(1+15/100)²
=26400(115/100)²
=26400x1.3225=₹34914
Now for 4 months
Interest rate will be =15/3=5%
A=34914(1+5/100)
A=34914(105/100)
A=₹36659.7
She will have to pay ₹36659.7 after 2yr and 4 months
P=₹26400
R=15%
Time =2yr 4 months
First making calculations for 2year
AMOUNT =P(1+r/100)^n
=26400(1+15/100)²
=26400(115/100)²
=26400x1.3225=₹34914
Now for 4 months
Interest rate will be =15/3=5%
A=34914(1+5/100)
A=34914(105/100)
A=₹36659.7
She will have to pay ₹36659.7 after 2yr and 4 months
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