Question

Narendra child was born he brought rupees 5000 worth of 20 year deposit bonds from a bank at the interest on the bonds is 15% per annum compounded annually how much money will the child get when he is 20 years old .
(Given (1.15)^20=16.3665)​

Answer 1

Answer:

sorry answer nahi pata google kar lo

Answer 2

Answer:

= Rs 81,832.68

Step-by-step explanation:

when yasheel,s child was born, she bought 5000 rs worth of 20 year deposit bonds from the icici bank.if the interest on the bonds 15%  compounded annually,how much will her child get when he is 20years old?

Given principal = p = Rs 5000

Time n = 20 years

Rate of interest r = 15% compounded annually

We know that  

Amount = P(1 + r/100)^n

Now total amount Yasheel’s child will get when he was 20 years old

So 5000 (1 + 15/100)^20

= 5000 (115 / 100)^20

= 5000 (23 / 20)^20

= 5000 x 16.36653

= Rs 81,832.68 pls mark as brainlist.