sangeetha borrowed rs.8000 from alex for 2 years 12 1/2% annum what intrest did sangeetha pau to alex if the intrest in compounded annualy
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Answer:
= Rs 10125
Step-by-step explanation:
P - 8000
T - 2 years
R - 12.5%
I - ?
CI - P(1+R\100)^N
= 8000*(1+125\10X1\100)^2
= 8000*(9\8)^2
=8000*9\8*9\8
= Rs 10125
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