what will a loan of ₹15000 amount to in 3 years if compounded annually at rate of 10% p.a.?
plsss with each steps
i will mark as brainlist
Answers
Answered by
28
Principal- 15000
rate- 10%
time-3 years
amount= principal(1+rate/100)^time
A= 15000(1+10/100)^3
A=15000(100+10/100)^3
A=15000(110/100)^3
A=15000(11/10)^3
A=15000*1331/1000
A=15*1331
A=Rs.19965
Compound Interest- Amount-Prncipal= 19965-15000
= RS.4965
the loan will amount to Rs.19965
rate- 10%
time-3 years
amount= principal(1+rate/100)^time
A= 15000(1+10/100)^3
A=15000(100+10/100)^3
A=15000(110/100)^3
A=15000(11/10)^3
A=15000*1331/1000
A=15*1331
A=Rs.19965
Compound Interest- Amount-Prncipal= 19965-15000
= RS.4965
the loan will amount to Rs.19965
nivedita4:
can i ask here
yes
find the difference between compound and simple interest on sum of ₹12000 at the rate of 12% p.a. for 2 years (compounded annually)
fast
I have given the formula for compound and the person below for Simple
i have another one
find them and subtract Simple from compound
plss give this ans with steps
ask it on brainly in comment box i am not able
ok never mind
Answered by
1
Answer:
Principal- 15000
rate- 10%
time-3 years
amount= principal(1+rate/100)^time
A= 15000(1+10/100)^3 A=15000(100+10/100)^3
A=15000(110/100)^3
A=15000(11/10)^3
A=15000*1331/1000
A=15*1331
A=Rs.19965
Compound Interest- Amount-Prncipal= 19965-15000
RS.4965
the loan will amount to Rs.19965
Similar questions