what will a loan of rupees 15000 amount to in 3 years if compounded annually at the rate of 10% p a
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Answered by
2
Answer:
15000* 110*110*110÷1000000
Answered by
3
Step-by-step explanation:
amount= p(1+ r/ 100)^ t
" = 15000(1 +10/100)^3
=15000 (110/100)^3
=15000×1331000/1000000
=19965000000/ 1000000
= 19965
compound interest = amount - principle
= 19965- 15000
= 4965
thanks
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