Business Studies, asked by Maryam9262, 1 year ago

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

Answers

Answered by lokendra99
0

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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