Rucha borrowed Rs. 2.00.000 at 10% rate compound interest for 3 years from a finite. What total sum should she pay to clear the at the end of the period?

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Solution

$A = P {(1 + \frac{x}{100})}^{t}$
A is Amount
P is Principal
r is rate per year(annual rate)
t is time in years
$∴ A = 2, 00, 000 {(1 + \frac{10}{100})}^{3}$
$= 2, 00, 000 (1.1)^{3}$
$= 2, 66, 200$ .

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Rucha borrowed Rs. 2.00.000 at 10% rate compound interest for 3 years from a finite. What total sum should she pay to clear the at the end of the period?

A=P(1+x100)tA is AmountP is Principalr is rate per year(annual rate)t is time in years∴A=2,00,000(1+10100)3=2,00,000(1.1)3=2,66,200.

$A = P {(1 + \frac{x}{100})}^{t}$
A is Amount
P is Principal
r is rate per year(annual rate)
t is time in years
$∴ A = 2, 00, 000 {(1 + \frac{10}{100})}^{3}$
$= 2, 00, 000 (1.1)^{3}$
$= 2, 66, 200$ .