find the amount to be paid at the end of 3 years in each case (a) principal=₹1, 200 at 12% p.a. (b) principal=₹7, 500 at 5% p.a.

Asked by anshikagusain987 | 10th Sep, 2021, 05:00: PM

Expert Answer:

Assuming space compound space interest
straight A equals straight P open parentheses 1 plus straight r over 100 close parentheses to the power of straight n

open parentheses straight a close parentheses space straight A equals 1200 open parentheses 1 plus 12 over 100 close parentheses cubed equals Rs. space 1685.9136
open parentheses straight b close parentheses space straight A equals 7500 open parentheses 1 plus 5 over 100 close parentheses cubed equals Rs. space 8682.1875

Answered by Arun | 21st Sep, 2021, 09:41: AM