Question

Akash deposited 50000 @ 10% per annum compounded annually for four year in a bank what amount he will get
after the end of the period​

Answer 1

Answer:

The amount that Akash will get at the end of four years = Rs.73205

Step-by-step explanation:

P = Principal

R = Rate of interest (% per year)

T = Number of years

A = Final amount

Now, if the principal earns compound interest, compounded annually, we have:

A = P (1 + R/100)^4

   = 50000*(1 + 10/100)^4

   = 50000*(1.1)^4

   = 73205

Answer 2

Step-by-step explanation:

principal = 50000

time = 4 years

rate = 10%

amount = P(1+r/100)^t

a = 50000(1+10/100)^4

a = 50000(11/10)^4

a = 50000×14641/10000

a = ₹ 73025 .answer