Question

Srikant borrowed Rs12000 from a bank for 4 years at 8pcpa. What is the total amount he returned to the bank?

I will mark BRANLIEST who will give me right answer​

Answer 1

1,60,800 is the total amount he returned to the bank.

Answer 2

Answer:

principle-12000

time-4 yrs

rate-8 %

SI- (PxRxT)/100

amount- principle+SI

--------------------

CI- Px(1+r/100)^t-p

Amount=Px(1+r/100)^t

Step-by-step explanation:

SI- 12000x4x8/100

3840

AMOUNT= 15840.

CI-

12000(1+8/100)^4

= 16325

ans- AMOUNT= 16325