Question

10. Three years ago, Brandon purchased a buffalo from Sam for $ 11000,
What payment will discharge his debt now, the rate of interest being 10%
per annum, compounded annually?​

Answer 1

Answer:

so the amount that he has to pay is 14641 rupees please mark it the brainliest

Step-by-step explanation:

Given Principal= P= 11000

Rate of interest Per Annum= i = 10%

Time = n = 3 years

Compounded Amount = P(1+i)^n = 11000(1+10/100)^3

= 11000(1 + 0.1)^3

=11000(1.1)^3

=11000(1.331)

= 14641