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ICSE Class 8 Answered

Mr Dubey borrows ₹100000 from a bank at 10% per annum Compound interest. What amount will he years have to pay to the bank after 3 ?
Asked by Solankidiamond78 | 09 Aug, 2018, 03:22: PM
answered-by-expert Expert Answer
begin mathsize 16px style straight A space equals space straight P space open parentheses 1 space plus space straight R over 100 close parentheses to the power of straight N space space space space equals space 100000 space open parentheses 1 space plus space 10 over 100 close parentheses cubed space space space equals space 100000 space open parentheses 110 over 100 close parentheses cubed space space space equals space 100000 space cross times space 110 over 100 space cross times 110 over 100 cross times 110 over 100 bold space bold space bold space equals 110 space cross times 110 space cross times space 11 space space space equals space 133100 Compound space Interest space equals space straight A space minus space straight P space equals space 133100 space minus space 100000 space equals space 33100 end style
Answered by Yasmeen Khan | 10 Aug, 2018, 03:45: PM

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