Question

Mohan borrowed rupees 16000 for 3 years at 5% per annum compound interest . calculate the amount that Mohan would have to pay at the end of 3 year ​

Answer 1

Answer:

P = 16000

R = 5

T = 3 YEARS

I = P*R*T

  = 16000*3*5

    = 240000

AMOUNT = 240000 + 16000

                = 256000

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