Mathematics: Ramani borrows Rs.25000 for 180 days at 9% of annual interest compounded daily. How much will she owe at the end of 180 days?

Ramani borrows Rs.25000 for 180 days at 9% of annual - id2500018097430802, angelinaissoocp33868

averyrogerss560

01.02.2022

Amount (A) = Rs. 26,134.43819

Step-by-step explanation:

Ramani borrows Rs. 25,000 for 180 days at 9% annual interest compounded daily.

Principal (P) = Rs. 25,000

Rate (r) = 9% annual interest = 0.09

Number of times interest applied per year (n) = 365 days

Number of time periods in 1 year (t) = 180/365

Compound interest formula;

Amount (A) = P(1 + $\frac{r}{n}$ $)^{nt}$

A = 25,000(1 + $\frac{0.09}{365})^{365(180/365)}$ = Rs. 26,134.43819

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ysabel0420

10.04.2022

wow u can't answer this. your dumber than my dog

Step-by-step explanation:

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