If Rs.7500 are borrowed at C.I at the rate of 4% per annum, then after 2 years the amount to be paid is:
Rs.436.75
Rs.434
Rs.420
Rs.8082
Explanation:
Amount = Rs.[[2800×(1+10100)](1+5100)][[2800×(1+10100)](1+5100)]
= Rs.[2800×11100×2120][2800×11100×2120] = Rs.3234
C.I = Rs.(3234-2800)= Rs.434
Amount = Rs.[[2800×(1+10100)](1+5100)][[2800×(1+10100)](1+5100)]
= Rs.[2800×11100×2120][2800×11100×2120] = Rs.3234
C.I = Rs.(3234-2800)= Rs.434