How much payment will discharge a debt of Rs. 375 at the end of three years at a rate of 20% per annum at compound interest?
How much payment will discharge a debt of Rs. 375 at the end of three years at a rate of 20% per annum at compound interest?
1 answers
Answered by
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2019-07-07 21:00:34 | Votes
3 |
# Amount = $(Principal\left\{ {{{\left( {1\; + \;Rate\% } \right)}^{time}}} \right\})$
⇒ 375(1 + 0.2)3 = 648
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