English, asked by gs8313892, 11 hours ago

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.
please answer this in n.b with full explanation please

Answers

Answered by OMMEHTA5626H

0

Answer:

14495.5

Explanation:

A = P*[100+R/100]^T

Therefore, Amount will be : A = 12000*[1065/1000]^3 = 14495.5

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