please explain this question.
Answers
Answer:
usha expected to get 1377.02 after 4 years
Step-by-step explanation:
P = principal = 1200
R = rate of interest = 3.5%
T = time period = 4 years
= 1200( 1 + 3.5/100)^4
= 1200 ( 1 + 35/1000) ^4
= 1200 ( 1035/1000)^4
= 1200 × 1035/1000 × 1035/1000 × 1035/1000 × 1035/1000
= 1377.02
Step-by-step explanation:
usha expected to get 1377.02 after 4 years
Step-by-step explanation:
P = principal = 1200
R = rate of interest = 3.5%
T = time period = 4 years
compound \: interest = p{ ( 1 + r \div 100) }^{t}compoundinterest=p(1+r÷100)
t
= 1200( 1 + 3.5/100)^4
= 1200 ( 1 + 35/1000) ^4
= 1200 ( 1035/1000)^4
= 1200 × 1035/1000 × 1035/1000 × 1035/1000 × 1035/1000
= 1377.02