Question

yes borrowed 30,000 for his friend Nitin at 12% per annum simple interest he future land in to his friend Anita at the same did but compounded annually find his gain after 4 years ​

Answer 1

Answer:

4016.76

Here, V=Rs.30000,r=12%=0.12 and n=20.

We know V=

r

A

[1−(1+r)

−n

]

Thus 30000=

0.12

A

[1−(1+0.12)

−20

]

⇒ A=

[1−(1+0.12)

−20

]

30000×0.12

⇒ A=

[1−(1.12)

−20

]

3600

⇒ A= Rs. 4016.76