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1. Life Mathematics
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Q2 of 94 Page 29

Sangeetha borrowed Rs. 8,000 from Alex for 2 years at 121/2% per annum. What interest did Sangeetha pay to Alex if the interest is compounded annually?

Rate of interest – 12.5% P.A

Principle – 8,000


Time – 2 years


Amount =


=


= 10,125


Compound interest = Amount – principle


= 10,125 – 8,000 = 2,125


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Questions · 94
1. Life Mathematics
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