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?
Answers
Answered by
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:
Answered by
0
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
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