Math, asked by pal080543, 1 day ago

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 tripathisachin5463
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

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