three years ago. beeru purchased a buffalo from surjeet for Rs. 11000. what payment will discharge his debt now, the rate of interest being 10%per annum, compounded annually?
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Answered by
33
A = P(1+ r/100) ^n
A = 11000 (1 + 10/100)³
A = 11000 (11/10)³
A = 11 × 11 × 11 × 11 [ all the zeros will cancel]
A = 14641
so the amount that he has to pay is 14641 rupees please mark it the brainliest
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20
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