Question

1) Kamal deposits Rs 5000 at the end of every year in a bank at 9 p.a.
compound interest What will be the total amount she receives after 6
years​

Answer 1

Answer:

A = 8,562.76

A = P + I where

P (principal) = 5,000.00

I (interest) = 3,562.76

Step-by-step explanation:

amount = principal * (( 1 +r/n)^(nt))

where

r = rate of interest

n = no of times rate is evaluated. ex. compounded annually (n=1) , compounded quarterly(n=4), half yearly (n=2)

t = time period