Math, asked by harshilmehra1308, 14 days ago

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Answered by AnanyaBaalveer
2

Solution=>

Given=>What amount has to be paid on a loan of Rs.12000 for 3 years at 10% per annum compounded annually.

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To find: Amount to be paid after 3 years at 10% for ₹12000.

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Formula used:- Compound israt formula✓

p(1 +  \frac{r}{100} )^{t}

where p=principle amount.

r=rate

t=time

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Summary of what we will do=>

We will put the values given in the question in the compound interest formula.

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Let's solve➜

12000(1 +  \frac{10}{100} )^{3}

12000( \frac{11}{10} )^{3}

12000 \times  \frac{11}{10}  \times  \frac{11}{10}  \times  \frac{11}{10}

15972

Hence the amount to be paid after 3 years at 10% per annum is

₹15972.

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Hope you got your answer..

Answered by Mysteryboy01
3

Principal = 12,000

Rate = 10\% \:  \: per \: annum

Time  = 3  \: years

SI =  \frac{ P×R×T}{100}

SI =  \frac{12,000 \times 10 \times 3}{100}

SI = 3,600

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