suraj borrowed ₹ 36000 from a bank to bank to buy a scooter if the r

1.	suraj borrowed ₹ 36000 from a bank to bank to buy a scooter if the rate of interest be 10 % per annum compound annually what payment will he have to make after 2 year 3 months
Answer» Since interest is compounded annually interest will be counted for 2 yrs only P= 36000, R=10%, n = 2 A = P(1+R/100)^n = 36000(1 +.1)^2 = 36000(1.1x1.1) = 36000(1.21) = 43560 Rs. 43560 ans

suraj borrowed ₹ 36000 from a bank to bank to buy a scooter if the rate of interest be 10 % per annum compound annually what payment will he have to make after 2 year 3 months

Answer»

Since interest is compounded annually interest will be counted for 2 yrs only

P= 36000, R=10%, n = 2

A = P(1+R/100)^n = 36000(1 +.1)^2 = 36000(1.1x1.1) = 36000(1.21) = 43560

Rs. 43560 ans