Question

1. Find the amount that Rs. 100 will become after 20 years at com- pound interest @ 5% calculated annually. ​

Answer 1

Answer:

Step-by-step explanation:

Principle = p = 100

Time = 20 yrs

Rate of interest = 5%

$Amt = P(1+i)^n$

$Amt = 100(1+0.05)^{20}$

$Amt = 100(1.05)^{20}$

$Amt = 100*2.65329770$

$Amt = 265.329$

Hence , the amount that ₹ 100 will become after 20 years at compound interest @ 5% calculated annually is ₹ 265.329

Answer 2

Step-by-step explanation:

Answer:

Step-by-step explanation:

Principle = p = 100

Time = 20 yrs

Rate of interest = 5%

Amt = P(1+i)^nAmt=P(1+i)n

Amt = 100(1+0.05)^{20}Amt=100(1+0.05)20

Amt = 100(1.05)^{20}Amt=100(1.05)20

Amt = 100*2.65329770Amt=100∗2.65329770

Amt = 265.329Amt=265.329

Hence , the amount that ₹ 100 will become after 20 years at compound interest @ 5% calculated annually is ₹ 265.329