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6. A company manufacturing plasma T.V.
borrowed * 10 crores from a finance company
for 10 years at 18% interest compounded
annually. What amount they will have to pay
back to the finance company after 10 years?
[Given (1.18) 10 = 5.2338]
and the above question answer is 523380000
Answers
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Step-by-step explanation:
Answer
\( A=P{\left(1+\frac{R}{100}\right)}^{10}\)
\( A=10,00,00,000{\left(1+\frac{18}{100}\right)}^{10}\)
\( A=10,00,00,000{\left(1.18\right)}^{10}\)
\( A=10,00,00,000\left(5.2338\right)\)
\( A=52,33,80,000\)
Hence answer is \( 523380000\)
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