Question

Savitha wants to purchase a laptop for which she

borrowed rupees 40,000 from a bank at 10% per

annum compounded annually for 3 years. Calculate

the amount and compound interest to be paid by

Savita after 3 years​

Answer 1

Answer:

A= 53,240    ..... CI = 13,240

Step-by-step explanation:

A=P{1+R/100}RATIO TIME

A=40000{1+10/100}RATIO 3

A= 40000*11/10*11/10*11/10

AMOUNT = 53,240

CI = A-P

CI = 53240-40000

CI = 13,240