Neha borrowed 24000 from the State Bank of India to buy a scooter. If the rate of interest be 10% annum compounded annually. What payment will she have to make after 2 year 3 months?
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Answer:
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Step-by-step explanation:
P= 24000
R= 10%
N= 2 years and ¼months
A= P(1+R/100)^n
Compounded annually
A= 24000(1+ 10/100)^2
= 24000×11/10×11/10
= 29040
SI on 29040
I= PRT/100
= 29040× 10×1/100×4
= 726
Total Amount
= 29040 + 726
= 29766
Hope it helps...
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Answer:
nothing left to right to ask for your own business
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