Question

11) A company manufacturing electronic
devices borrowed 10 crores from a finance
company for 10 years at 18% p.a. interest
compounded annually. What amount will
have to be paid back to the finance company
after 10 years? [Given (1.18)0 = 5.2338]​

Answer 1

Answer:this is hoe we have to do this question. in this way as this not the anwser but like this we have to do.

Step-by-step explanation:Principal amount (P)=Rs.16000

Rate of interest, (R)=10% per annum or 5% per half year.

Time (n)=1  2 1

=  2 3  years.

∴A=P(1+100 R)n

⇒=16000(1+100 5 ) 3

⇒=16000×(  100 105 )3

⇒=Rs.18522

Answer 2

Answer:

Rs. 523383555.38 is the correct answer