2009 · Q98
A person borrowed Rs. 7500 at 16% compound interest. How much does he have to pay at the end of 2 yr to clear the loan?
Elementary MathematicsAlgebra
- A9900
- B10092
- C11000
- D11052
Explanation
7500·1.16² = 10092.
A person borrowed Rs. 7500 at 16% compound interest. How much does he have to pay at the end of 2 yr to clear the loan?
Explanation
7500·1.16² = 10092.