Math, asked by anitadoifode01, 6 months ago

Sameer gave a loan of Rs 55,000 to Deepak for a pwriod of 2 years at 16% per annum compounded yearly. How much interest will Sameer earn?

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Answers

Answered by amithalwai77

15

A= 55000(1+0.16)^2= 74008
So I = 74008-55000=19008

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