Question

Radha borrowed rupees 30000 from a bank to buy a scooter at 15% per annum compounded yearly what amount will she pay at the end of 2 years 3 month to clear the loan​

Answer 1

Step-by-step explanation:

let radha had borrowed 100 rupees

then 2yr 3 month=12*2+3=27month

so as interest it every 12 months radha have to pay 15 rupees

then in 27 months radha have to pay 15/12*27=15*9/4

so radha have to pay actually=4*100 / 15*9 *30000=400*2000/9 rupees

(with the principal, 30000 rupees)