calculate the amount and the compound interest by using the formula for compound interest.....
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donkey
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According to formula,
An = P( 1 +r/100)
Where A is total amount after n years, r is the rate. P is the amount initially
An =10, 000( 1 + 10/100)
=10,000( 1+0.1)"
=10,000(1.1)
An =10,000(1.1)
now, put n = 1 A1 =10, 000(1.1), put n =2, A2 =10,000(1.1)2
in the same way, A3 =10, 00(1.1)
you can see that A2/A1 = A3/A2
so, {An} is in Geometric progression.
now,
amount payable after 5years
A5 =10,000(1.1)^5
=16, 105.1 Rs
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