Question

what the sum of money amount to Rs 20,000 at 10% p.a in 5 year
​

Answer 1

Answer:

30000 is final amount we get after 5 years

Answer 2

Step-by-step explanation:

We have,

Principal value $$P=Rs\,20000$$

Amount A=Rs23152.50

Rate r=5%

n=?

Applying that,

$$\begin{align}

A=p(1+

100

r

)

n

⇒23152.50=20000(1+

100

5

)

n

⇒

20000

23152.50

=(1+

20

1

)

n

⇒

2000000

2315250

=(

20

21

)

n

⇒

8000

9261

=(

20

21

)

n

⇒(

20

21

)

3

=(

20

21

)

n

On comparing that,

n=3