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
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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!
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