9. Prerna borrowed ₹ $16,000$ from a friend at $15$% p.a. Compound interest. Find the amount, to the nearest rupees, that she needs to return at the end of $2.4$ years to clear the debt.

Home » 9. Prerna borrowed ₹ from a friend at % p.a. Compound interest. Find the amount, to the nearest rupees, that she needs to return at the end of years to clear the debt.

9. Prerna borrowed ₹ $16,000$ from a friend at $15$ % p.a. Compound interest. Find the amount, to the nearest rupees, that she needs to return at the end of $2.4$ years to clear the debt.

9. Prerna borrowed ₹ $16,000$ from a friend at $15$ % p.a. Compound interest. Find the amount, to the nearest rupees, that she needs to return at the end of $2.4$ years to clear the debt.

Solution:-

Given

Prerna borrowed ₹ $16,000$ from a friend at $15$ % p.a.

C₁ = (P × r × t)/ $100$