Math, asked by smartboy1085, 3 months ago

Rahul borrowed Rs.5600 for 2 years at 5% annual compound interest from a bank to buy a scooter. Compound interest has to be paid after 2 years while interest is calculated yearly.

Answers

Answered by naitikshaw2007

0

Answer:

Formula first

Amount = Principal x (1-rate\1OO)^time

Given

P = 56OO

T = 2 ( but interest compounded yearly)

T = 2 divided 1 is 2

R = 2 (but interest compounded yearly)

R = 5 x 2 is 1O

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