Karan borrowed Rs.62500 from a bank to purchase one home theatre system. If the rate of interest be 12% per annum compounded annually, what payment will he have to make after 2 years 3 months?

Rs.75320

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Rs.80752

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Rs.83650

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Rs.64960

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Rs84380

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Solution

The correct option is B
Rs.80752

$P = 62500 (1 + \frac{12}{100})^{2} \times (1 + \frac{12}{400})$

$P = R s . 80752$

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Karan borrowed Rs.62500 from a bank to purchase one home theatre system. If the rate of interest be 12% per annum compounded annually, what payment will he have to make after 2 years 3 months?

The correct option is B Rs.80752 P=62500(1+12100)2×(1+12400) P=Rs.80752

The correct option is B
Rs.80752

$P = 62500 (1 + \frac{12}{100})^{2} \times (1 + \frac{12}{400})$

$P = R s . 80752$