what will be the total amount received for the sum of rs 20000 for the period of 30 months at the rate of 8% p.a on compound years
Answers
Answered by
0
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Answer:
I=P*R*T/100
I=20000*8*30/100
I=200*8*30
I=6000*8
I=48000
AMOUNT =P +SI
A=20000+48000
A= RUPEES 68000
Answered by
1
Answer:
24243.17
Step-by-step explanation:
Formula :
A = P( 1+ r/n)^nt
P= 20000
r= 8% = 8/100 = 0.08
t= 30month 2.5 years
n= Annually
A= 20000(1+0.08/1)^1×2.5
= 20000(1.08)¹×².⁵
= 24243.17
= You will receive 24243.17 for 20000
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