How much interest on interest is earned in an account by the end of 5 years if Rs 100000 is deposited and interest is 4% per year, compounded continuously.
Answers
Answered by
1
Answer:
232,551.069659970000
Answered by
0
Answer:
122140.27
Step-by-step explanation:
FVn= PVxe(ixn)
FVn=100,000xe(0.04x5)
FVn= 122140.27
KEYWORD FOR THIS QUESTION: COMPOUNDED CONTINUOUSLY.
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