Ram borrowed Rs. 8000 at 3(1)/(2)% per annum compound interest for his – InterviewSolution

1.	Ram borrowed Rs. 8000 at 3(1)/(2)% per annum compound interest for his family needs. How much amount does he have to pay to clear the debt at the end of one year and three months ?
Answer» Rs. 8352.45 Rs. 8532.45 Rs. 8253.54 Rs. 8352.54 Solution :(i) Use FORMULA. (ii) `A=P(1+(R_(1))/(100))(1+(R_(2))/(100)),R_(2)=(3)/(12)xx(7)/(2)%`

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