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Calculate the amount of ₹30000 at the end of 2 years 4 months , compounded annually at 10% per annum​

Calculate the amount of ₹30000 at the end of 2 years 4 months , compounded annually at 10% per annum​
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1 vote
calculate the amount of ₹30000 at the end of 2 years 4 months , compounded annually at 10% per annum​

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User Daniele Orlando
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8.7k points

1 Answer

3 votes
Fv= 30,000 *(1+10%/12)^(2*12+4)
Fv = 30,000*(1+10%/12)^28
Fv= 37,847.46
answered
User Steve Fan
by
7.9k points
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