Question

Mr. Anand took a Loan of rs. 50 000 to renovate a house. Find the amount he
has to pay after 5 years at 9% per annum.
Mr. Khanna took a loan of rs 4cm for 2 vorm at 168​

Answer 1

Answer:

76931 is the answer

Step-by-step explanation:

There are two methods for solving the same

Amount=P(1+i) [i=r/100]

Amount=50000(1+0.09)^5

=50000(1.5386239549)

Amount=76931

another formula is

Amount =Principal+Interest

Interest=P(1+i)^n-1

=50000(0.5386239549)

=26941

Amount=50000+26931

Amount=76931

Hope it could help you!