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CBSE Class 9 Answered

What ammount will be paid after 6 years for 5000 rupees at 4% rate with compound interest?
Asked by chandan75499 | 04 Feb, 2019, 12:04: PM
answered-by-expert Expert Answer
 
Here, n = 6 years, P = Rs. 5000 R = 4% 
 
begin mathsize 16px style straight A space equals straight P space open parentheses 1 space plus space straight R over 100 close parentheses to the power of straight n space space space equals space 5000 space open parentheses 1 space plus space 4 over 100 close parentheses to the power of 6 space space space equals 5000 cross times 104 over 100 cross times 104 over 100 cross times 104 over 100 cross times 104 over 100 cross times 104 over 100 cross times 104 over 100 space space space equals Rs. space 6326.5950 end style
Answered by Yasmeen Khan | 04 Feb, 2019, 12:44: PM

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