1.

How much payment will discharge a debt of Rs. 375 at the end ofthree years at a rate of 20% per annum at compound interest?1). Rs. 6482). Rs. 6503). Rs. 7204). Rs. 730

Answer»

Amount = $(Principal\LEFT\{ {{{\left( {1\; + \;Rate\% } \RIGHT)}^{TIME}}} \right\})$

⇒ 375(1 + 0.2)3 = 648



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