Question

ra 4000 is borrowed at 3%rate of interest per annum for _years .find the amount to be paid at the end of the fourth year​

Answer 1

Answer:

4480

Step-by-step explanation:

• 3% per annum means 0.25 paise per month
• Four years means 48 months is time
• Interest = p t r / 100
• ⇒ Interest = 4000×48×0.25/100 = 480
• ⇒ Toral amount paided at the end of 4 years is = principal + interest = 4480