Question

Nisha obtained a loan of 25000 from the State Bank of India if the rate of interest is 8% per annum compounded annually what amount she has to pay back to the bank to clear hard debit after 2 years
please help me out fast

Answer 1

p = 25000
R=8 percent
T = 2 years
A=p(1+R/100)3
the answer is 29160

Answer 2

hope this helps you bro