Question

Ram borrows 14000/- for 2 years at 10% per annum compound interest. he pays 8000/- at end of first year. find the amount be pays at the end of first year before making the repayment,the principal of second year.

Answer 1

Answer:

14000,×2×10÷100=2800

Answer 2

Step-by-step explanation:

p=14000,t=2,r=10%

I=ptr/100

I=14000×2×10/100

=2800

amount=I+p

2800+14000

=16800

16800-8000=8800