Question

Vivek borrowed 25000 from a friend for 2 years@ of interest 8% per annum what amount will Vivek payback after 2 years

Answer 1

29000 as the formula is principal ×rate×time by 100..then we have to plus 25000with the interest.

Answer 2

A=p(1+r/100)^n =25000(1+8/100)^2 =25000(1+2/25)^2 =25000(27/25)^2 =25000×27/25×27/25= 29160