Question

what amount harish has to pay at the end of 3 years on a sum of Rs 40,000 at an interest of 16 %compounded annually?​

Answer 1

Answer:

62435.84

Step-by-step explanation:

A = P ( 1 + ( r/100) ) ^n

P= 40,000

r = 16

n= 3

A = 40000 ( 1+ ( 16/100 ) ) ^3

A= 62435.84

Hope this helps