what will the loan of rs 15000 amount to in 3 years if compounded annually at rate of 10%p.a.
Answers
Answered by
3
Answer:
RS.19,965
Step-by-step explanation:
CI
A=P(1+R/100)^N
A=15000(1+10/100)^3
A=15000(1+1/10)^3
A=15000(10/10+1/10)^3
A=15000(11/10)^3
A=15000*11/10*11/10*11/10
A=15*11*11*11
A=15*1331
A=19,965
Answered by
0
Hello mate....
Here is your answer....
A = P ( 1 + R/100)^t
A = 15000 ( 1 + 10/100)^3
A = 15000 × 110/100 × 110/100 × 110/100
A = 15 × 11 × 11 × 11
A = 19965
C.I = A - P
= 19965 - 15000
= Rs.4965
I Hope, it will help you...
MARK ME AS BRAINLIST
Here is your answer....
A = P ( 1 + R/100)^t
A = 15000 ( 1 + 10/100)^3
A = 15000 × 110/100 × 110/100 × 110/100
A = 15 × 11 × 11 × 11
A = 19965
C.I = A - P
= 19965 - 15000
= Rs.4965
I Hope, it will help you...
MARK ME AS BRAINLIST
khushi5259:
mark me as brainlist
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