Math, asked by ananya07srivastava, 1 month ago

Mahesh lends 3 36000 from a bank for 3 years at 8% compound interest. Because of improved financial condition, he wants to repay the loan just after two years. How much will he pay at the end of 2 years? How much more will he pay, if he repays the loan at the end of 3 years?

please tell please tell please tell please tell please tell please

Answers

Answered by Nimaiverma

2

Compound Interest (C.I.) = P[(1+r/100)-1] is the formula of Compound Interest.

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