If a man saves rs. 1000 each year and invests at the end of the year 5% compound interest, how much will the amount be at the end of 15 years
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given,
prinicipal=1000
n=15
rate of interest =5%
A=p(1+tr/100)
1000(1+75/100)
1000(175/100)
10 × 175=1750
prinicipal=1000
n=15
rate of interest =5%
A=p(1+tr/100)
1000(1+75/100)
1000(175/100)
10 × 175=1750
aditidixit9536oxsja0:
But options are 1-21478
2-21578. 3-22578. 22478
Nd formula for compound interest is A=P(1+r/100)^n. Not A=P(1+tr/100)
And think here we can't solve this question by using this formula but here we have to make a series and then solve
i will try
2078.92818 is answer
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