Nikhil purchased and almirah on credit. if the almirah cost rate 3200 and the dealer charges compound interest at the rate of 12% per annum. calculate the amount that we have to pay after 2 years
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A = P (1+r/n)^t
=3200 (1+12/100)^2
=3200×(112/100)^2
=3200×1.2544
=4014.08.
=3200 (1+12/100)^2
=3200×(112/100)^2
=3200×1.2544
=4014.08.
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Hey mate
Hope it helps uh
Hope it helps uh
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