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
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
Please mark me as brainliest
Similar questions