Question

rashid invested ₹8500 at the rate of 12.5% per annum for 5 years. Find the amount of money he will get after 5 years.
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Answer 1

Answer:

₹13812.5

Step-by-step explanation:

8500×12.5/100×5=5312.5 rs

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Answer 2

Answer:

Amt = 15,317.28

Step-by-step explanation:

Given:

Principle = 8,500

Rate = 12.5%

Time = 5 yrs

Amt = p(1+i)^n

Amt = 8,500(1+0.125)^5

Amt = 8,500(1.125)^5

(1.125)^5 = 1.80203247069

Amt = 8,500 × 1.80203247069

Amt = 15,317.28