Question

Find the the о amount to be paid @ end of 4 years in each case Principal- 1500 at 24% pa.​

Answer 1

Here,

Principal- 1500

Rate of interest- 24%

Time- 4 years

Amount= P×(1+R/100)^n

1500×(1+24%/100)³

1500×(31/25)³

1500× 31/25, 31/25, 31/25

1500×31×31×31/ 25×25×25

1500× 29791/15625

44686500/15625

2859.936

here is your answer