Question

Three years ago raghu purchase a motorcycle for rs11000.what payment will discharge his debts now,the rate of interest being 10% per annum,compound annually

Answer 1

Answer:

cost of m.cycle=Rs 11000

int.l0%

Debt =11000(I +r/100)n

= 11000 (1 +10/100)3

11000x(110/100)^3

= Rs14641

Raghu has to pay Rs14641

Answer 2

Answer:

Rs. 14641

Step-by-step explanation:

P= Rs.11000

R= 10 percent

n=3

A= 11000(1+10/100)^3

11000(110/100)^3

11000×110/100×110/100×110×100

₹14641 is answer