2. Sameerrao has taken a loan of R 12500 at a
rate of 12 p.c.p.a. for 3 years. If the interest
is compounded annually then how many
rupees should he pay to clear his loan?
Salution:
Answers
Answered by
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Step-by-step explanation:
Formula
= P(1+i)^n
= 12500( 1 +0.12)³
= 12500 (1.12)³
= 12500(1.4049)
=17561.6 rs
i hope its help you..
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