Saved Bookmarks
| 1. |
Mohan borrowed rupees 16000 for 3 years at 5% per annum compound interest calculate the amount that Mohan will pay at the end of the 3 years. Answer should be ₹18522 |
|
Answer» For 1ST YearPrincipal (P) = Rs. 16,000Rate (R) = 5%Time (T) = 1 Year∴ INTEREST = (16,000 × 5 × 1)/100= 160 × 5 = Rs. 800∴ Amount at the end of 1st year = Rs. (16,000 + 800) = Rs. 16,800For 2nd yearP = Rs. 16,800R = 5%T = 1 Year∴ Interest = (16,800 × 5 × 1)/100 = 168 × 5= Rs. 840∴ Amount at the end of 2nd year = Rs. (16, 800 + 840) = Rs. 17640For 3rd yearP = 17640R = 5%T = 1 year∴ Interest = (17640 × 5 × 1)/100 = 1764/2 = Rs. 882∴ Amount at the end of 3rd year = Rs. (17640 + 882) = Rs. 18522Hence reqd. MOUNT = Rs. 18522Step-by-step explanation:plz mark me as brainliest |
|