Question

If rs 150000 are invested today is saving account how much money would there be in the account after 5 years if the compound interest rate is6%

Answer 1

$\sf\large\underline{Given:}$

• $\rm{Principal=Rs.150000}$
• $\rm{Time=5\: years}$
• $\rm{Rate=6\%}$

$\sf\large\underline{To\: Find:}$

• $\rm{The\: amount\: after\:5\: years}$

$\sf\large\underline{Solution:}$

• By applying formula here to calculate A]

$\rm{\implies A=P\bigg(1+\dfrac{r}{100}\bigg)^{n}}$

$\rm{\implies A=150000\bigg(1+\dfrac{6}{100}\bigg)^{5}}$

$\rm{\implies A=150000\bigg(\dfrac{100+6}{100}\bigg)^{5}}$

$\rm{\implies A=150000\bigg(\dfrac{106}{100}\bigg)^{5}}$

$\rm{\implies A=150000(1.06)^5}$

$\rm{\implies A=150000\times\:1.33822558}$

$\rm{\implies A=Rs.200733.837}$

$\sf\large{Hence,}$

$\rm{\implies Amount\: after\:5\: years=Rs.200733.837}$

$\sf\large\underline{Some\: related\: formula:}$

$\rm{\implies CI=P\bigg(1+\dfrac{r}{100}\bigg)^{n}-P}$

$\rm{\implies CI=Amount-Principal}$

$\rm{\implies A=Principal+Interest}$

Answer 2

Question:-

If rs 150000 are invested today is saving account how much money would there be in the account after 5 years if the compound interest rate is6%.

Given:-

Principal=150000

Rate=6%

Time=5

A=p(1+r/100)^t

A=150000(1+6/100)⁵

A=15000×1.33822558

A=200733.837

Therefore, Amount=Rs.200733.837