Question

Find the amount of Rs.20000 at 5%
p.a in 4 years compound interest​

Answer 1

Answer:

24310.125rs

Step-by-step explanation:

amount = 20000(21/20)^4

= 24310.125 rs

Answer 2

Answer:

Amount is RS. 24,310.13

Step-by-step explanation:

Given:

Principle (P) = RS.20,000

Rate of interest (r)= 5% p.a

Time (n) =4 yrs

AS we know that ,

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

    = 20,000{ ${1+{5/100)}^{4}$

    = 20,000×$(1.05)^{4}$

   =Rs. 24,310.13