A sum of Rs. 91,00 is borrowed at 20% per annum compounded annually...

A sum of Rs. 91,00 is borrowed at 20% per annum compounded annually. If the amount is to be paid in two years, the amount will be.. (a) Rs. 131,040 (b) Rs. 132,800 (c) Rs. 132,500 (d) Rs. 142,300

• Pallavi
• 4446 Views
• 1 Answers

• Hello Dear,br /Amount = Principal (1+rate/100)timebr /Amount = 91000 * 120 / 100 * 120 / 100br /Amount = 910 * 12 * 12br /Amount = 910 * 144br /Amount = 131040br /Correct answer is a Rs.131,040br / 

  • Geeta
  • 03 Apr
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