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