Question

solve it ..it's urgent

Answer 1

Answer:

Cost of the house - Rs 7,50,000 (P)

Interest charged by DDA per annum - 6%(R)

n= 3 years

A = P(( I + (R/100))n

= 7,50,000 (( I + (6/100))^3

= 7,50,000 (106/100)

=( 750000 x 53 x 53 x 53) / (50 x 50 x 50)

= 6 x 53^3

= 893262

Compound Interest =( A - P)

= (893262 - 750000)

= 143262

Therefore, the interest paid by Ravi  = Rs 143262.