Question

rashmi take a loan of 1,80,000 from a bank for 9 months at 12% per annum compounded quarterly. what amount she has to pay to bank to clear the loan?​

Answer 1

Answer:

She have to written rupees 196200 to the bank

Step-by-step explanation:

as she paid the loan in 9 months so accordingly to 12 percent she will have to pay 9 percent of annum

9*180000/100

that will be 16200

180000+16200

= 196200

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