Question

Rakesh borrowed a sum of Rs. 30000 from a bank which compounds an
interest of 8% quarterly.
How much amount he has to pay after one year to settle the loan ?

Answer 1

Answer:

A=p(1+r/100) whole power n

30000(1+16/100)

30000*116/100

=34,800

Answer 2

Answer:

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Step-by-step explanation:

A=p(1+r/100) whole power n

30000(1+16/100)

30000*116/100

=34,800

I hope it helps you