what sum will amount to rs 15000 at 5% p.a for 2 years if interest is compounded annually.
Answers
Answered by
1
Answer:
16537.5
Step-by-step explanation:
Formula :
A = P (1 + R/100)^t
A = 15000 (1 + 5/100)^2
A = 15000 (100/100 + 5/100)^2
A = 15000 (105/100)^2
A = 15000 x 105/100 x 105/100
A = 15000 x 1.05 x 1.05
A = 16537.5
Similar questions