Math, asked by jyoshnavysyraju, 5 days ago

5 In what time will a sum of ₹48000amount to 55566 at 5%p.a compounded anually

Answers

Answered by tanishkadoshi1209

0

Answer:

Rs.21120/-

Step-by-step explanation:

Amount = P(1+r/100)^n

r=20% n=2 ( interest compounded annually)

= 1.20 × 1.20 × 48000 =1.44×48000=69120

Therefore Compound Interest = Rs.21120/-

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