Ramu borrowed Rs. 15625 from a finance company to buy scooter. If the rate of interest be 16% per annum compounded annually, what payment will he have to make after 2
years?
Given,
Principal = Rs.15625
Rate = 16% per annum
Time = 2-
years
Amount = ![]()
= 15625 ![]()
So,
Ramu has to make a payment of Rs.21866
Couldn't generate an explanation.
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