Question

Ravi purchase a house from DDA on credit. If the cost of the house is 7,50,000 and DDA charges interest at 6% per annum compounded annually, find the interest paid by Ravi if he makes payment to DDA after three years​

Answer 1

Step-by-step explanation:

P = Rs.7,50,000

R = 6 %

T = 3 years

S.I = PRT \ 100

= Rs.7,50,000 × 6 × 3 \ 100

= Rs.13,50,000

A = S.I. - P

= Rs.13,50,000 - Rs. 7,50,000

= Rs.6,00,000

Answer 2

Answer:

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