1.

Without using the formula for compound interest solve the following problem:A sum of Rs 20,000 is borrowed by Simran for 2 years at an interest of 8% compounded annually. Find the Compound Interest (C.I.) and the amount she has to pay at the end of 2 years.

Answer»

Without using the formula for compound interest solve the following problem:



A sum of Rs 20,000 is borrowed by Simran for 2 years at an interest of 8% compounded annually. Find the Compound Interest (C.I.) and the amount she has to pay at the end of 2 years.



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