## 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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Math
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2021-08-12T20:57:47+00:00
2021-08-12T20:57:47+00:00 1 Answer
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## Answers ( )

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