Math, asked by uksreegeeth, 2 months ago

the prize of a car is 500000.the interest of loan is at 6% every year.what could be the prize after 2 years​

Answers

Answered by akash1699
0

Answer:

in the process of simple interest 60000

in the process of compound interest 61800

Step-by-step explanation:

simple interest formula: i = p*t*r/100

compound interest formula: p(1+r/100)^n

simple interest

500000×2×6÷100= 60000

compound interest

500000(1+6÷100)²-500000=61800

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