Question

If a person invests rs.5000 in a 3 years investment that pays you 12% pa Calculate the future value of investment.​

Answer 1

Step-by-step explanation:

☞principle(p)=5000

☞time(t)=3yrs

☞rate of interest(r)=12%pa

$value \: of \: investment \: after \: 3yrs = p + \frac{ p \times r \times t }{100}$

$p + \frac{5000 \times 3 \times 12}{100}$

=5000+1800=6800

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