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By using the formula, find the amount and compound interest on: Anand obtained a loan of Rs. 125000 from the Allahabad Bank for buying computors. The bank charges compound interest at 8% per annum compounded annually. What amount will he have to pay after 3 years to clear the debt ? |
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Answer» By using the formula, find the amount and compound interest on: Anand obtained a loan of Rs. 125000 from the Allahabad Bank for buying computors. The bank charges compound interest at 8% per annum compounded annually. What amount will he have to pay after 3 years to clear the debt ? |
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