5 Find the amount, when 1.60,000 is invested at 4.5% p.a. for three years compounded annually
Answers
Answered by
1
Step-by-step explanation:
rate of interest=4.5 %
Principal =160000
Time=3 years
Compound Interest formula
A=P(1+R/100)^3
A=160000(1+4.5/100)^3
A=160000×209/200×209/200×209/200
A=182586.58 Rupees
Therefore the amount is 182586.58 Rupees
Answered by
2
Answer:
Amt = 1,82,586.58
Step-by-step explanation:
Principle = 1,60,000
Rate of interest = 4.5
Time = 3
Amt = p( 1 + r/100)ⁿ
Amt = 1,60,000( 1 + 0.045)³
Amt = 25,000(1.045)³
Amt = 1,60,000 * 1.141166125
Amt = 1,82,586.58
Similar questions