Question

what will be a loan of rupees 10000 amount to in 4 years if compounded annually at the rate of 7% per annum
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Answer 1

Answer:

10000/7*4=5,714

Step-by-step explanation:

5714 will be the annual rate that will be compounded annually

Answer 2

Step-by-step explanation:

for the first year

10000 /100 ×7%

700 Plus 10000=10700

2nd year

10700/100×7%=11449

3rd year

11449/100×7=11449+801.43

=12250.43

4rd year

12250.43/100×7=857.5

857.5+12250.43=13107.93