The amoumt of momeybin ghe account every year when Rs.10/ are deposited annually to accumulate at acompound interest at 4%per annum
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Hope it will help you......
Explanation:
If P is the principal and R% per annum is the rate of interest compounded annually then, the amount (A) at the end of n years.
A = P (1 + R/100)ⁿ
Given: P = ₹ 100, R= 4
A= 100(1+4/100)ⁿ
A= 100 (1 + 1/25)ⁿ
A = 100 (26/25)ⁿ
A= 100 × (1.04)ⁿ
The amount of money in the account at the end of different years is given by:
₹ 100 × (1.04)ⁿ , 100 × (1.04)² , 100 × (1.04)³,.....
Or ₹ 104 , ₹ 108.16 , ₹ 112.48,.....
Clearly it is not forming an A.P.
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