Question

One buys rs 2000 for 10% interest. How much will he pay after 3 years?

Answer 1

Answer:

hope this is helpful

Answer 2

$Given \: cost \:price \: of \:an \: article$

$Principal (P) = Rs\:2000$

$Rate \:of \: Interest (R) = 10\%$

$Time (T) = 3 \: years$

$Let \: the \: amount \: should \: be \: paid$

$after \: 3 \: years = A$

$\boxed{\pink{ A = P\Big( 1 + \frac{RT}{100}\Big) }}$

$A = 2000 \Big( 1 + \frac{10 \times 3 }{100}\Big)$

$\implies A = 2000\Big( 1 + \frac{3}{10} \Big)$

$\implies A = 2000 ( 1 + 0.3)$

$\implies A = 2000\times 1.3$

$\implies A = Rs\:2600$

Therefore.,

$\red{ The \: amount \: should \: be \: paid}$

$\red{after \: 3 \: years}\green{ = Rs\:2600}$

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