Question

neha borrowed rs 24000 from sbi and rate is 10% per annum compounded what payment will she have after 2 years 3 months

Answer 1

Answer:

Payment will she have after 2 years 3 months  = RS. 29766

Step-by-step explanation:

It is given that,

Neha borrowed rs 24000 from sbi and rate is 10% per annum compounded

Number of years =  2 years 3 months

Principle amount P = RS. 24000

Rate of interest R = 10%

Equation for compount interest

A = P$[1+\frac{R}{100}] ^{N}$

To find the Amount after 2 years

Amount  A = P$[1+\frac{R}{100}] ^{2}$

A = P$[1+\frac{10}{100}] ^{2}$

A =29040

To find the amount after 2 years 3 months

3 months = 1 year/ 4

Here R= 10/4 = 2.5 and N = 1

A =P$[1+\frac{R}{100}] ^{1}$

A =29040 [1+ 0.025]=29766

payment will she have after 2 years 3 months  = RS. 29766

Answer 2

Answer:

ur answer is 29766

Step-by-step explanation:

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