Question

rani borrowed ₹15000 for 2 years 3 months at the rate 10%p.a intrest being compunded annualy how much money will she pay at the end of 2 years 3 months ​

Answer 1

Answer:

18603.75

Step-by-step explanation:

she will pay

= 15000(1+ 10/100)^2×(1+10×3/12/100)

= 15000 × 1.1 × 1.1 × 41/40

= Rs 18603.75

Answer 2

Answer:

Step-by-step explanation:

Principal=Rupees 15000

Time=2years

Rate%per.annum=10%

Let's find Amount,

Amount=Principal (1+rate/100)^2

=15000(1+10/100)^2

=15000*1.1*1.1

=18150

Then, find Interest,

Let's,the Principal=Rupees18150

Interest =Principal*Rate*Time/100

=18150*10*3/100*12

=453.75

She pay at the end of 2years3months=Rupees(18150+453.75)

=Rupees18603.75