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4. Rahim took a loan of Rs.20, 000 for 2 years at 12% per annum, the interest
being compounded annually. Find the amount at the end of 2 years that he has
to pay?​

Respuesta :

jamieanomie

Answer:

Amount to be repayed= Rs. 25,088

Step-by-step explanation:

Principal amount P =Rs.20,000

Compound interest= 12% per annum

No.of years t =2 yrs

A=P (1+r/n)^nt

Amount to be repayed= Rs. 25,088

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