find the compound amount 10000 after 5 years at the rate of 12℅ when interest is compounded monthly
Anonymous:
___k off
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Answered by
1
Answer:
1663.2236
Explanation:
18110 ans h but
Answered by
1
well we know the Chessboard story of Compund interest ,which multiple by ×64 times and the king loose his everything to paid of
here we have to pay 1% interest for ×60 time
it seems a Tricky question, idnt the perfect answer,maybe could possible with calculator
but we count alredy 60%of it ehich is 6000rs, so it possible that the interest is more than its capital,
it should be
10000×(101) power 60/(100) power 60 -10000
=(101)power 60/(100) power 58 -10000
here we have to pay 1% interest for ×60 time
it seems a Tricky question, idnt the perfect answer,maybe could possible with calculator
but we count alredy 60%of it ehich is 6000rs, so it possible that the interest is more than its capital,
it should be
10000×(101) power 60/(100) power 60 -10000
=(101)power 60/(100) power 58 -10000
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