1.

Neha borrowed Rs 24000 from SBI to buy a scooter. If the rate of interest is 10% per annumcompounded annually, what payment will she have to make after 2 year and 3 months .​

Answer»

Answer:

neha borrowed 24000₹

interest for 1st YEAR 10% on 24000₹

= 2400 interest

REMAINING 24000-2400

= 21600₹

interest for 2ND year 10% on 21600₹

=2160

remaining 21600-2160

=19440₹

interest for NEXT three months

19440×10/100×3/12

=485

remaining 19440-485

=18955

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