Find the amount to be paid at the end of 3 years. Principle = ₹3400 @15% p. a
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Answered by
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Answer:
P = ₹3400
R = 15%
T = 3 years
Amount = P (1+R/100) ™
= 3400(1+15/100) 3
the 3 is in power
= 3400 ( 115/100) 3
= 3400 (23/20) ³
= 3400 x 23/20 x 23 / 20 x 23/20
now we have to divide and the ans is
amount = ₹ 5170.975
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