rishi borrows ₹ 75,000 at the interest of 2.5 paise per rupee per annum compounded annually for 3 years. find the amount he has to return.
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VERIFIED ANSWER:-
Amount is 80625
Step-by-step explanation:
Interest= Principle x per annum x Time
-------------------------------------------------
100
Interest= 75000 x 2.5 x 3
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100
Interest= 750 x 2.5 x 3
Interest = 2250 x2.5
Interest= 5625.0
Interest+ Principle= Amount
75000+5625= 80625 rd
Amount= 80625
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