Question

Adil borrowed ₹2,00,000 from his friend at 8% p.a for 1 year and 8 months. Find
the amount to be paid if it is compounded annually.

Answers

  1. Answer:
    228,000
    Step-by-step explanation:
    I = PRT / 100
    • I = Interest
    • P = principle = 200,000
    • T = time = 1.75 yr
    • R= rate =  8
    I = (200,000 * 8 * 1.75 ) / 100
    I = 28,000
    Amount to be paid = 228,000

    Reply
  2. Answer:
    228,000
    Step-by-step explanation:
    I = PRT / 100
    I = Interest
    P = principle = 200,000
    T = time = 1.75 yr
    R= rate =  8
    I = (200,000 * 8 * 1.75 ) / 100
    I = 28,000
    Amount to be paid = 228,000

    Reply

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