If Rs 150,000 are invested today in saving account ,how much money would there be in the account after 5 years if the compound interest is 6%?
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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
sa7661528:
But answer is 20100
how
let me ask you one thing, how is it possible that with interests, your initial money from 150000 goes down to 20100? is it logical? i think the answer is wrong...
sorry
Thanks but I try.......
good
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