Question

Find amount compounded annually on 8000 for 3/2 years at 10% p.a.
$a = p(1 + r \div 100)^n$
kindly use the above formula and please answer as soon as possible... ​

Answer 1

Answer:

A = P (1 +r/100)^n

A-Amount

P-Principal = Rs.8000

r-rate of Interest = 10%

n-time= 3/2 years

A=8000(1+10/100)^3/2

=8000(1+1/10)^3/2

=8000((10+1)/10)^3/2

=8000((11/10)^3)^1/2

=8000((11×11×11)/(10×10×10))^1/2

=8000√((11×11×11)/(10×10×10))

=8000(11/10)(√(11/10)

=8800(√1.1)

=8800×1.05

=rs.9240