calculate the amount and interest on rs100 for 20years allowing the compound interest at 5% p.a
Answers
Answered by
0
Answer:
Step-by-step explanation:
P=Rs.100,n=20,r=5%
CI=P[(1+
100
r
)
n
−1]
⟹CI=100[(1+
100
5
)
20
−1]=265.33≈265.50
Hence, amount will be Rs.265.50.
Answered by
4
Answer:
p=100
r=5%
n=20
Total amount=p(1+(r/100))^n
=100(1+(5/100))^20
=100(105/100)^20
=100×(1.05)^20
=100×2.653
= 265.3
CI=Total amount-p
=265.3-100
=165.3
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