Question

Please solve this problem

Answer 1

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Here is your answer
P = Rs 500
R = 10% p.a
T = 10 years
n = 10 as Compounded annually

As we know the formula
A = P ( 1 + R/100)^n
$= 500 \times (1 + \frac{10}{100} ) {}^{10} \\ \\ = 500 \times ( \frac{10 + 1}{10} ) {}^{10} \\ \\ = 500 \times ( \frac{11}{10} ) {}^{10} \\ \\ = \frac{500 \times 11 \times 11 \times 11 \times 11 \times 11 \times 11 \times 11 \times 11 \times 11 \times 11}{10 \times 10 \times 10 \times 10 \times 10 \times 10 \times 10 \times 10 \times 10 \times 10} \\ \\ = 1296.87$
Therefore the value of this amount after 10 years is Rs 1296.87


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Answer 2

Hi friends

Here is your answer

P = Rs 500
R = 10%
T = 10 years , n = 10

As
A = P(1+R/100)^n
$= 500(1 + \frac{10}{100} ) {}^{10} \\ = 500( \frac{11}{10} ) {}^{10} \\ = \frac{500 \times 11 \times 11 \times 11 \times 11 \times 11 \times 11 \times 11 \times 11 \times 11 \times 11}{10 \times 10 \times 10 \times 10 \times 10 \times 10 \times 10 \times 10 \times 10 \times 10} \\ = 1296.87$
So Amount is Rs 1296.87

Hope it helps you

@ MSD