Question

suppose u borrow 240000at 12 percent anual intrest rate to paid the end of 6 year ..What it answer​

Answer 1

Answer:

172800

Step-by-step explanation:

P*R*T/100

Answer 2

SI = 172800

and CI = 233717

Step-by-step explanation:

Given that

P = 240000

R = 12%

t = 6

Formula

There will be 2 Formula and so 2 answers as you haven't mentioned that whether it is Compound Interest or Simple Interest. No worry I will solve the both for you

• SI = (PRT /100)
• CI = P [1 + R/100]^t

Applying the formula

First solving for Simple Interest

SI = PRT / 100

Therefore SI = 240000 x 12 x 6 /100

Therefore SI = 2400 x 12 x 6

Therefore SI = 172800

Now time for 2nd formula

CI = 240000 x [1 + (12/100)]^ 6 - 1

CI = 240000 x [ (112⁶ - 100⁶) / 100⁶]

Solving this complicated equation using a calculator, we get

CI = 233717.4444......

Rounded of CI = 233717

Therefore we get SI = 172800 and CI = 233717

If you further want to find the Amount then add the Interest to the Principle

Thank you.

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