Math, asked by sundarammuthuselvi92, 3 months ago

Ramana borrowed Rs. 31,000 from a bank to buy a scooter at a rate of interest 14 % per annum compounded yearly. What amount will she pay at the end of 2 years and 6 months to clear loan.

Please enter the correct answer. ​

Answers

Answered by amogh2259
4

Answer:

Rs. 41,850

Step-by-step explanation:

2 years 6 months = 2.5 years

Interest = (P × R × T)/100 = (31000 × 14 × 2.5)/100 = 1085000/100 = Rs. 10850

Total money she has to give = 31000 + 10850 = Rs. 41,850

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