Question

Richa purchased house for DDA on credit if the cost of house is 750000 and DDA a charge interest at 6% per annum compounded annually find the interest paid by Ravi if he makes payment to DDA after 3 years​

Answer 1

Answer:

Principle = Rs. 750000

Rate = 6%

Time = 3 years

We know that ,

Amount = p{1+r/100} to the power n.

n = time

so,

=750000 x 53/50 x 53/50 x 53/50

=893262

So, interest = A - p

=893262-750000

=143262

Step-by-step explanation:

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