1.

BuyRakesh borrowed 250,000 from Allahabad bank toLa two-wheeler at 8% p. a compounded annually whatamount will he pay to bank after 3yrs to dischargehis ke debt? find compound interest ​

Answer»

<P>Answer:

AMOUNT= p(1+r/100) ^t

= 250000(1+8/100) ^3

=rs 314928

compound interest=314928-250000

= 64928

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