What sum will become ₹13,310 after 3 years at 10 % p. a., when the interest is compounded annually?
Plz solve this question it's very important plz i mark brainliest whose answer is ₹ 10,000 .
Answers
Answered by
1
Answer:10,000 deposited compound interest
1year complete 10,000 + 1000(10%interest)=11000
2year complete 11000 +1100(10%interest)=12100
3year complete 12100 +1210(10% interest)=13310
10,000 deposited simple interest
1year 10,000 +1000=11000
2year 11000+1000(10%of 10000) =12000
3year 12000+1000(10%of10000) =13000
Step-by-step explanation: hope this is helpful for you
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Answered by
1
Answer:
10,000
Step-by-step explanation:
A=P(1+
100
r
)
n
⟹13310=P(1+
100
10
)
3
Solving for P we get P=10,000
Hence sum=Rs.10,000.
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