Question

Karim took a loan of rupees 25000 from Corporation Bank at 12% per annum compounded annually how much amount we will have to pay at the end of the year​

Answer 1

Answer:

here is your answer

Step-by-step explanation:

this is your right answer

Answer 2

Answer:

HE NEEDS TO PAY ₹28,000 TO THE BANK AT THE END OF THE YEAR

Step-by-step explanation:

PARAMETERS GIVEN,

PRICIPAL=₹25000

RATE%=12%

TIME = 1 YEAR

SO,

A=P(1+R/100)^N

  =25000(1+12/100)^1

  =25000(112/100)

  =250*112

  =₹28,000

SO,

HE NEEDS TO PAY ₹28,000 AT THE END OF THE YEAR

I HOPE YOU UNDERSTOOD THE QUESTION