Ganesh took a loan of Rs. 14000 to be paid after three years with Compound Interest at 10% per annum. How much total amount should he pay at the end of three years?

Correct option is D

Given:

Principal = 14000

Time = 3 years

Rate = 10% 

Formula Used:

Amount = $$A = P(1 + \frac{R}{100})^T$$ 

Solution:

$$14000 \left( 1 + \frac{10}{100} \right)^3 \\\ \\= 14000 \times \frac{11}{10} \times \frac{11}{10} \times \frac{11}{10} \\\ \\= 18634$$     

He should pay 18634 end of three years.

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