Question

1
Joseph took a loan of Rs 12,000 from a bank which charges 67%
p.a. interest compounded annually. What amount has he to return
to the bank at the end of 3 years?​

Answer 1

Answer:

14495.5 rs....

Step-by-step explanation:

Formulae for CI -:

A = P*[100+R/100]^T

Therefore, Amount will be :

A = 12000*[1065/1000]^3 = 14495.5 rs.........................

THANK YOU!!!

Step-by-step explanation:

Answer 2

Answer:14495.5 rs

Step-by-step explanation:

Formulae for CI -:

A = P*[100+R/100]^T

Therefore, Amount will be :

A = 12000*[1065/1000]^3 = 14495.5