three years ago, beeru purchased a buffalo from surjeet for rupees 11000 . what payment will discharge his left now, the rate of interest being 10% per annum. compound annually?
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Answered by
33
S .l =p*r*t/100
s.i=11000*10*3/100=3300
s.i=11000*10*3/100=3300
Answered by
87
Given Principal= P= 11000
Rate of interest Per Annum= i = 10%
Time = n = 3 years
Compounded Amount = P(1+i)^n = 11000(1+10/100)^3
= 11000(1 + 0.1)^3
=11000(1.1)^3
=11000(1.331)
= 14641
Rate of interest Per Annum= i = 10%
Time = n = 3 years
Compounded Amount = P(1+i)^n = 11000(1+10/100)^3
= 11000(1 + 0.1)^3
=11000(1.1)^3
=11000(1.331)
= 14641
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