Question

Ajay save se 50000 rupees every year and deposit the money in a bank at compound interest of 10% compounded annually what would be his total savings at the end of fifth year​

Answer 1

A=P(1+ R/100)^t

50000(1+10/100)^ 5

50000 ×110/100×110/100 ×110/100 ×110/100×110/100

=80525.5