Math, asked by shyampatel4080, 10 months ago

Ravi borrowed.a sum of rs.46500 for period of 21 months at the rate of 13%per annum. Find the interest to be paid by ravi

Answers

Answered by venupillai
2

Answer:

Interest to paid by Ravi = Rs.11089.09

Step-by-step explanation:

P = initial amount = Rs.46500

R = Rate of interest per cent per year = 13

T = Period in years = 1.75 [21 months = 1+(3/4) years = 1.75 years]

A = final amount

According to compound interest formula:

A = P(1+R/100)^T

A = 46500 * (1 + 13/100)^(1.75)

   = 46500 * (1.13)^(1.75)

   = 46500 * 1.238475

   = 57589.09

Amount payable by Ravi at the end of 21 months = 57589.09

Interest paid by Ravi = A - P

                                   = 57589.09 - 46500

                                   = 11089.09

Answered by aaryanjaiswal964
0

Answer:

Step-by-step explanation:

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