:- ROHAN BORROWED rs:1,20,000,FROM A BANK FOR FOUR YEARS AT THE RATE OF 8 P.C.P.A FOR HIS EDUCATION.WHAT IS THE TOTAL AMOUNT HE RETURNED TO THE BANK AT THE END OF THAT PERIOD

:- ROHAN BORROWED rs:1,20,000,FROM A BANK FOR FOUR YEARS AT THE RATE O

1.	:- ROHAN BORROWED rs:1,20,000,FROM A BANK FOR FOUR YEARS AT THE RATE OF 8 P.C.P.A FOR HIS EDUCATION.WHAT IS THE TOTAL AMOUNT HE RETURNED TO THE BANK AT THE END OF THAT PERIOD
Answer» Compound INTEREST is NOTHING but Simple interest per year with the amount at the end of EVERY year being the principal for the next year.For the FIRST year ,Simple Interest SI= 100PNR So, SI= 10025000×1×20 =Rs5000So, Amount A=25000+5000=Rs30000For the second year ,P =30000−8000=Rs22000So, SI= 10022000×1×20 =Rs4400So, Amount A=22000+4400=Rs26400For the third year ,P =26400−8000=Rs18400So, SI= 10018400×1×20 =Rs3680So, Amount A=18400+3680=Rs22080Step-by-step explanation:So ur answer is RS. 22080