Question

Tazeen borrowed 6000 at 8% per annum compounded annually for 1 years and 4 months
Find the amount due at the end of the period​

Answer 1

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Answer 2

Answer:

Interest = $\frac{PRN}{100}$

             = 6000 × 8 × $\frac{4}{300}$

             = ₹640

∴ Amount tazeen has to return = ₹6640

Hope this helps you