Question

shankar paid rs.5400 for agricultural work .borrowed at a rate of 12 p.c.p.a .how much should he repley to be debt free at the end of 3 years​

Answer 1

Answer:

p=5400

r=12%

t=3 years

☆for si:

si=5400×12×3/100

=1944

amount=7344

☆for ci:

=p(1+r/100)^n

=5400×(1+12/100)^3

=5400×175616/125000

=7586.61 => amount