Question

Mr Roy took a loan of Rs 1,00,000 from a moneylender at the compound interest rate of 121/pa He repaid the money at the end of two years. (1) Find the interest paid by Mr Roy to the moneylender.

(ii) How much did Mr Roy pay to clear the debt?


answer is
i)Rs 2626250
ii)Rs 126562.50​

Answer 1

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