Arun borrowed rs3500 at 7% rate of interest per annum. Find the Find the and the amount to be paid at the end of 3 years.
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Answer:
- A=P×(1+ 1/100)ⁿ
- =3500(1+7/100)³
- =3500(100+7/100)³
- =3500(107/100)³
- =3500×107/100×107/100×107/100
- =7×107×107×107/20
- =8575301/20
- A=428765.05 is the Answer
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