Question

Mr dubey borrows rupees 100000 from a bank at 10℅ per annum compound interest.What amount will he have to pay to the bank after 3 years.

Answer 1

principal=100000
rate=10%per annum
time=3years

A=P*(1+R/100)^n
A=100000(1+10/100)³
A=100000(1+1/10)³
A=100000*11/10*11/10*11/10
A=100*11*11*11
A=100*1331
A=133100
he paid 133100