Find the amount to be paid at the end of 3yrs, if Rahul borrowed Rs7500 from a
moneylender at 9% p.a
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Principal (p) = Rs.7500
Rate (R) = 9% per annum
time (t) = 3 years
A = P ( 1+ r /100)n
= 7500 ( 1+3/100)3
= 7500× 103/100×103/100× 103/100
= Rs.8,195.45
So, the amount to be paid at the end of 3yrs =
Rs.8,195.45
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