Question

18.
Rajkumar invested 22,000 at 8% per annum for 5 years. If the interest is compounded
yearly, then the amount received by Rajkumar at the end of the 5' year will be:
a. 29,930
b. 28,180
c. *32,340
d. 34,520​

Answer 1

GIVEN-

1)P-22,000

2)R-8% P.C.P.A

3)N-5 YEARS

TOFIND-

1) AMOUNT

AMOUNT- P[1+(R/100)]^N

- 22000[1+( 8/100)]^5

-₹32340.

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