Question

find the amount of ₹9000 for 3 year at the rate of 10% per annum compounded anully​

Answer 1

Step-by-step explanation:

$a = p(1 + \frac{r}{100} {}^{} ) {}^{n} \\ = 9000(1 + \frac{10}{100} ) {}^{3} \\ = 9000( \frac{11}{100} \times \frac{11}{100} \times \frac{11}{100} ) \\ = 9000(0.001331) \\ = 11.979$

total amount = 9000+11.979 = ₹9011.979