Question

calculate the future value of rupees 100000 if you deposit in the bank 14% per annum rate of interest for 5 year​

Answer 1

Answer:

192,541.45824

Explanation:

here P=100000

R=14%

T=5 yrs

so A = 100000×(1+14÷100)^5

=100000(57/50)^5

=100000×601,692,057/312500000

=192,541.45824