Find the interest paid by a borrower after a periodof three years on a

1.	Find the interest paid by a borrower after a periodof three years on a loan of 2000 at 10% per annum,interest being compounded annually.please answer me fast please please please it's argent please help me
Answer» Answer: 662 Step-by-step EXPLANATION: ci=a-p a=p(1+r/100)^N =2000(1+10/100)^3 =2000(1+1/10)^3 =2000(11/10)^3 =200011/1011/1011/10 =2662 amount = RS 2662 ci =a-p =2662-2000 ci = 662

Find the interest paid by a borrower after a periodof three years on a loan of 2000 at 10% per annum,interest being compounded annually.please answer me fast please please please it's argent please help me

Answer»

Answer:

662

Step-by-step EXPLANATION:

ci=a-p

a=p(1+r/100)^N

=2000(1+10/100)^3

=2000(1+1/10)^3

=2000*(11/10)^3

=2000*11/10*11/10*11/10

=2662

amount = RS 2662

ci =a-p

=2662-2000

ci = 662