Pratima01
Answered

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A borrowed rupees 40000 from B at the rate of 10% at the end of 3/7 year how much compond interest should he pay if it was compounded yearly ​

Sagot :

Answer:

rupees 9,962

Step-by-step explanation:

[tex]\left(n=\frac{7}{3},\ i=10\right)[/tex]

[tex]40000\times\left(1+10\right)\frac{7}{3}-40000[/tex]

[tex]\approx9,962[/tex]

So he should pay rupees 9,962

I hope this helps you

:)

Answer:

Step-by-step explanation:

The question asks about interest "...at the end of 3/7 year...if it was compounded yearly" but 3/7 year is less than one year.

Applying the general equation for compound interest:

total debt at the end = principal * (1 + interest rate)^(number of years)

= 40000 * (1 + 10%)^(3/7)

= 40000 * 1.1^(3/7)

= 41667.72

Subtracting the principal, the interest paid:

= 41677.72 - 40000

= 1677.72 rupees

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