Question

Rahim took a loan of RS. 32000 for 4 years at 20% per annum compounded annually. How much he has to pay after 4 years.​

Answer 1

Answer:

using compund interest formula

rahim has pay =32000*((1+(20/100))^4)

=(32000*120*120*120*120)/(100*100*100*100)

=66355.20 rupees