Question

loan of 30,000 from a finance company. If the rate of interest is 7% per annum compoun
annually, calculate the amount I have to pay after two years.​

Answer 1

Answer:

Principal =30000

Step-by-step explanation:

Rate =7%, time = 2years amount =30000(1+7/100)^2 = 41067, mark me brainliest

Answer 2

Answer:

AMOUNT =P(1+R/100)(1+R/100) ((P=principal,r=rate.2times because 2yrs))

3000(1+2/100)(1+2/100)

3000(51/50×51/50)

30×51/5×51/5 (( cancelling 2zeros))

6×51×51/50

=312.12 Rupees

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