Vimal borrowed and rupees 28500 from a private bank to purchase a motorcycle at the rate of 12% per annum compounded annually but amount wi

Question

Vimal borrowed and rupees 28500 from a private bank to purchase a motorcycle at the rate of 12% per annum compounded annually but amount will he pay at the end of 3 years 4 months to clear his loan amount​

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Serenity 1 month 2021-08-12T20:57:47+00:00 1 Answer 0 views 0

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    2021-08-12T20:59:33+00:00

    Answer:

    p=28,500

    T=1215 days

    R=12%

    SI=P×T×R/100=28,500×1215×12/100=41,55,300

    AMOUNT=SI+P

    =41,55,300+28500

    =41,83,800

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