Rani borrowed * 15000 for 2 years 3 months at the rate 10% p.a, interest being compounded
annually, How much money will she pay at the end of 2 years 3 months?
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Answers
Answered by
3
Step-by-step explanation:
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
Answered by
2
Answer:
18603.75
Step-by-step explanation:
answer is in rupee :- 18603.75
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