Question

find the compound interest on rupees 10000 for 4 years at 5% p. a.

Answer 1

Answer:

12,208.95

Step-by-step explanation:

First, convert R percent to r a decimal

r = R/100

r = 5%/100

r = 0.05 per year,

Then, solve our equation for A

A = P(1 + r/n)nt

A = 10,000.00(1 + 0.004166667/12)(12)(4)

A = 12,208.95