Question

Answer pls tomorrow is my exam..​

Answer 1

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• P = Rs. 16,000
• r = 15%
• t = 3 Yrs
• A = ?

Find Amount If its Compounded Yearly:

$\large\rightarrow \tt{A = P(1 + \frac{r}{100})^{n} }$

$\large\rightarrow \tt{A = 16000(1 + \frac{15}{100})^{3} }$

$\large\rightarrow \tt{A = 16000(1 + \frac{3}{20})^{3} }$

$\large\rightarrow \tt{A = 16000 \times ( \frac{23}{20})^{3} }$

$\large\rightarrow \tt{A = 16000 \times \frac{23}{20} \times \frac{23}{20} \times \frac{23}{20} }$

$\large\rightarrow \tt{A = 2 \times 23\times23 \times 23 }$

$\purple{\huge\rightarrow \boxed{ \tt{A = Rs. 24,334 }}}$

$\huge{\red{\ddot{\smile}}}$