Question

i) Calculate the amount due on Rs. 10,800 for 3 years at 10% per annum compounded
annually.​

Answer 1

Answer:

Rs.1306.8

Step-by-step explanation:

Principal= Rs. 10800

Let time be denoted as n

n= 3yrs

Rate= 10%

A= Principal( 1+$\frac{Rate}{100}$)${3}$

A= 10800(1+$\frac{10}{100}$)$^{3}$ = 10800( $\frac{100+10}{100}$)$^{3}$

A= 10800 * $\frac{110}{100}$ *

A=$\frac{108*11*11}{10}$

A=$\frac{13068}{10}$

A= Rs.1306.8

Therefore, the amount is Rs.1306.8.