If a certain principal amounts to rupees 55, 000 at 15% per annum over 4 years , how much will it amount to in 6 years
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Answer:
P=55,000.......
R=15%......
T=6years........
A=P(R+1/100)^n.......
P=55,00(15+1/100)^6.......
P=55,000(15+1/100)^6......
P=55,000x16/100x16/100x16/100x16/100x16/100x116/100......
P=9.27(approx).....
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