If rs 150,000 are invested today in a saving account, hw much money would there be in the account after 5 years if the compound interest rate is 6%?
Answers
Answered by
0
Answer: Rs 200733.84
Step-by-step explanation:
First Year: 106% x 150000 = 159000
Second Year: 106% x 159000 = 168540
Third Year: 106% x 168540 = 178652.40
Fourth Year: 106% x 178652.40 = 189371.54
Fifth Year: 106% x 189371.54 = 200733.84
hope it's help you.
Step-by-step explanation:
First Year: 106% x 150000 = 159000
Second Year: 106% x 159000 = 168540
Third Year: 106% x 168540 = 178652.40
Fourth Year: 106% x 178652.40 = 189371.54
Fifth Year: 106% x 189371.54 = 200733.84
hope it's help you.
soniabatra:
thanku
Similar questions