Q3 of 30 Page 125

In order to buy a colour TV set, Altaf borrowed Rs 12,000 from a bank at a compound rate of interest of 10 p.c.p.a. for 2 years. What is the amount that Altaf must pay bank to the bank at the end of 2 years?

Given: Principal (P) = Rs. 12,000, Rate of Interest (R) = 10% and Number of years (n) = 2year

As Amount (A):





⇒ A = Rs. 14520


Amount that atlaf must to bank at the end 2year = Rs 14520.


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