Question

Sandeep borrowed 1,30000 from a bank for 4 years at the rate of 8 p.c.p.a what is the total amount he returned to the bank at the end of the period?​

Answer 1

Answer:

Rs. 171600

Step-by-step explanation:

Interest = (130000 × 8 × 4)/100 = 4160000/100 = Rs. 41600

Total amount he will give = 130000 + 41600 = Rs. 171600

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Answer 2

Answer:

Rs - 171600

Step-by-step explanation:

For this calculation, formula is

A = P (1 + rt)

where, A = Total Accumulated amount ( Principal + interest)

P = Principal amount taken by the bank

r = rate of interest

t = time period

Rs ( 130000 × 8 × 4/100) = Rs 41600

Therefore, Sandeep has to return (130000 + 41600 = 171600 ) to the bank