A loan of ₹15000 was taken on compound interest. If the rate of compound interest is 12 p.c.p.a. find the amount to settle the loan after 3 years.
Answers
Answered by
4
Answer:
21073.92.
Step-by-step explanation:
Given principle = 15000. rate = 12% and time = 3 years.
A = 15000(1 + 12/100)^3
15000(112/100)^3
15000 x 112/100 x 112/100 x 112/100
150 x 112 x 112/100 x 112 /100
150 x 112 x 28/25 x 28/25
6 x 112 x 28 x 28/25
21073.92.
Amount to settle loan after 3 years = 21073.92
Mark brainlist :)
Similar questions