₹ 18,000 for 212 years at 10% per annum compounded annually.
Answers
Answered by
3
Step-by-step explanation:
We have,
P=Rs. 18000
T=2
2
1
=
2
5
years
R=10%
A=?
We know that
A=P(1+
100
R
)
T
Therefore,
A=18000(1+
100
10
)
2
5
A=18000(1+
10
1
)
2
5
A=18000(
10
11
)
2
5
A=18000×(
10
11
)
2
×(
10
11
)
2
1
A=18000×(
100
121
)×(
10
11
)
2
1
A=180×121×(
10
11
)
2
1
A=Rs. 22843.06
Hence, this is the answer.
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