Neha borrow 24000 from the state bank.Of india to buy a scooter if the rate of intrest be 10%per annum compounded annually what pyment will see have to.Make afyer 2year 3 month
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principal = 24000
time = 2 years
rate = 10%
C.I. = Amount - principal
A = p (1+r/100)^t
A = 24000 (1+10/100)^2
A = 24000×110/100 ×110/100
A = 2904
A = 24000 + 2904
A= 28904
Hope it may helps you
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