Question

To renovate his shop, Mahendra obtained a loan of 10,000 from a bank. If the rate of interest
is 5% per annum compounded annually, calculate the compound interest annually that he will
have to pay after 3 years.​

Answer 1

Answer:

11576.25

Step-by-step explanation:

(1+5/100) =21/20 =

10000/20×20×20=

The answer × 21×21×21= 11576.25

Answer 2

Answer:

11576.25

Step-by-step explanation:

CI=P(1+R/100)(1+R/100)(1+R/100)