Question

Shamrao takes a loan of Rs. 25,000 at the rate of 12 p.c.p.a. What is

the amount he will be required to pay after one year ?​

Answer 1

Answer:

P=25000

R=12%

T= 1 year

A=?

A=P(1+r/100) ⁿ

A= 25000×112/100

Amount = rs 28000

Answer 2

Given; that Shamrao takes a loan of Rs. 25,000 at the rate of 12 p.c.p.a

To Find; What is the amount he will be required to pay after one year

Solution;

Amount= P(1 + r/100)ⁿ

P=25000 Rate=12 Time =n=1

Amount=25000(112/100)

=28000

Hence the amount that he will receive is 28000