Question

Kamla borrow 26400 from a bank to buy a scooter at the rate of 15% compound yearly.what amount will she be at the end of 2 years and 4 months to clear the loan​

Answer 1

Answer:

Step-by-step explanation:

Given –

Principal

(P) = Rs. 26,400,

Time (n) = 2 years 4 months = 2 years 4/12

months = 2 1/3 years

Rate of interest (R) = 15% p.a.

Amount

for 2 years (A) = P [(1+r/100)n]

For

2 years,

A

= 26400 [1 + 15/100]2

= 26400 [1 + 3/20] 2

= 26400 [23/20] 2

= 26400 x 23/20 x 23/20

= Rs. 34914

For

1/3 years, T = 1/3 years, rate = 15%, P

= 34914

Intrest

= 34914 X 1 X 15/3X100

= Rs 1745.70

Therefore, Total

amount = Rs. 34,914 + Rs. 1,745.70

= Rs 36,659.70

Answer - At the end of 2 years and 4

months to clear to loan Kamala will pay Rs 36,659.70

Answer 2

Answer:

11638

Step-by-step explanation:

$\bf{\huge\mathcal{\boxed{\rm{\mathfrak\blue{Hey Mate:}}}}}$

A = P(1+0.15)(1+0.15)(1+1/300)

= 26400(1.15)(1.15)(301/300)

= 88(1.3225)*301

= 35,030.38