Question

A loan of Rs. 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.
Activity : P = Rs. 15000 , R = 12 p. c. p. a, N = 3 yrs .

Answer 1

Answer:

amount to settle loan after 3 yrs is 21073.92 Rs

Answer 2

Answer:

21073.92

Step-by-step explanation:

Compound Intrest

$p {(1 + \frac{r}{100} )}^{n} \\ 15000( {1 + \frac{12}{100}) }^{3} \\ 15000 {(1 + \frac{12}{100}) }^{3} \\ 15000 \times \frac{112}{100} \times \frac{112}{100} \times \frac{112}{100} = 21073.92rs$