Question

Pradip borrowed 3000 rupees from a bank at intrest rate 10 perent per annum compounded annually the amount payable after 2 years​

Answer 1

Answer:

Solution :

Amount to be paid=principal amount+Simple interest

Simple interest=P×R×T100 where P is the principal amount ,T is time and R is the rate of the interest.

Simple interest=10,000×15×2100=3000

Amount to be paid=10,000+3000=Rs.13000