Question

Ramesh borrowed 12000 from Rahman for 2 years at 12.5% age compounded annually find the amount payable by Ramesh and the end of 2 years​

Answer 1

Answer:

P = 12000

R = 12.5%

T = 2 years

P1 = ₹12000

I1 = ₹1500

A1 = ₹13500

CI2= ₹1687.5

A2 = ₹15187.5

Amount that Ramesh could pay at the end of 2nd year = ₹15187.5

Step-by-step explanation:

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