Question

Kamla borrowed rupees 26400 from a bank to buy a scooter at the rate of 15% per annum compounded annually what amount will be shipped pay at the end of 2 years and 4 months to clear the loan

Answer 1

Answer:

Step-by-step explanation:

So, given, Principle=$26400

Rate=15% p.a.

Time=1 year (annually)

So, S. I = PRT/100=

26400*15*1/100

=>₹3960/-

AND amount =S. I +P

₹3960+26400=₹30360...ans