Question

Kamla borrowed 26,400 rupees from a bank at a rate of 6% per annum compounded annually. What
amount will she pay at the end of 2 years and 6 months to clear the loan? ​

Answer 1

Answer:

30360 is your answer.

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Step-by-step explanation:

Principal = 26,400 Rupees

Rate of interest = 6%

Time taken = 2.5 years

Interest = ?

Amount = ?

I = PRT/100

I = 26400 × 6× 2.5/100

I = 264 ×6× 2.5

I = 3960.0 Rupees

Interest = 3960 Rupees

Amount = Principal + Interest

Amount = 26400+ 3960

Amount = 30360 Rupees