anand obtained a loan of rs125000 from Allahabad bank for buying computers.the bank charges compound interest at 8% per annum, compounded annually.what amount he has to pay after3years to clear the debt
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Answered by
95
Principal amount
P= rupees 125000
Rate of interest
R=8% p.a
Time
n=3years
The amount including the compound
A= Rs. P(1+R/100)power n
= RS. 125000(1+8/100)³
= RS. 125000(100+8/100)³
= RS. 125000(108/100³
=RS. 125000(1.08)³
= RS. 125000(1.08×1.08×1.08)
=RS. 157464
Anandh have to pay RS. 157464 after 3 years to clear the debt.
Hope this helps you friend
Thanks ✌️ ✌️
P= rupees 125000
Rate of interest
R=8% p.a
Time
n=3years
The amount including the compound
A= Rs. P(1+R/100)power n
= RS. 125000(1+8/100)³
= RS. 125000(100+8/100)³
= RS. 125000(108/100³
=RS. 125000(1.08)³
= RS. 125000(1.08×1.08×1.08)
=RS. 157464
Anandh have to pay RS. 157464 after 3 years to clear the debt.
Hope this helps you friend
Thanks ✌️ ✌️
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Answered by
5
Answer:
ur answer is 157464
Step-by-step explanation:
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