Question

Ram bought rs 12000 at 16% compounded quaterly find the amount he will pay after 9 months​

Answer 1

Answer:

15% per annum for 2 years. Find the simple interest on this sum and the amount to be paid at the end of 2 years.

Solution :

On Rs 100, interest charged for 1 year is Rs 15.

So, on Rs 10,000, interest charged =

Interest for 2 years =

Amount to be paid at the end of 2 years = Principal + Interest

Step-by-step explanation:

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