Question

Vimal borrowed and rupees 28500 from a private bank to purchase a motorcycle at the rate of 12% per annum compounded annually but amount will he pay at the end of 3 years 4 months to clear his loan amount​

Answer 1

Answer:

p=28,500

T=1215 days

R=12%

SI=P×T×R/100=28,500×1215×12/100=41,55,300

AMOUNT=SI+P

=41,55,300+28500

=41,83,800