Joseph took a loan of rs 12000 from a bank, which charges 6.5% p. a. interest compounded annually. what amount has he to return to the bank after 3 years.
Answers
Answered by
2
Answer:
14495.5 rs....
Step-by-step explanation:
Formulae for CI -:
- A = P*[100+R/100]^T
Therefore, Amount will be :
- A = 12000*[1065/1000]^3 = 14495.5 rs.........................
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Answered by
3
Answer:
14495.5 rs....
Step-by-step explanation:
Formulae for CI -:
A = P*[100+R/100]^T
Therefore, Amount will be:
A = 12000*[1065/1000]^3 = 14495.5rs
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