Question

Surjit Singh borrowed rs 1,80000 from bank to buy second hand car if the rate of interest charged 12percent p.a compound annually , how much interest will he payvat the end of 2 years​

Answer 1

Answer:

Rs.43,200

Step-by-step explanation:

S.I = (PTR)/100

P = 1,80,000

T = 2 years

R = 12% p.a

S.I = (1,80,000x2x12)/100 (cross out the underlined zeros)

S.I = 1800x2x12

S.I = 3600x12

S.I = Rs.43,200

(Amount = P+I

             1800000+43200 = 1843200; This is extra)

Hope it helps you;

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Answer 2

that's your answer

hope it helps