Question

Nipun borrowed Rs 40,000 from a bank at a rate of 6% p.a. compounded annually .What amount will he have to pay back after 2years ?

Answer 1

formula=A=P(1+r/100)T
A=40000(1+3/100)2
A=40000(1+9/10000)
A=40000(10009)
A=40000*10009
A=40360000
So, CI=A-P
CI=40360000-40000
CI=40320000

Answer 2

please make me a brainleast