Find compound amount annually of p=4000,time=3/2 and rate =10% solve it step wise.

Question

asked Nov 3, 2021 164k views

1 Answer

Dfmuir · Answer 1 · 2021-11-09T18:15:47+0000

Explanation:

Hey, there!!

Principal (p) = 4000

Time = 3/2= 1.5 yrs.

rate = 10%

Now, we have formula,

$c.a = p * {(1 + (r)/(100)) }^(t)$

Putting their values,

$ca = 4000* {(1 + (10)/(100) )}^(1.5)$

$ca =4000 * {(1 + 0.1)}^(1.5)$

ca = 4000 * 1.153689

Simplifying them we get,

C.A = 4614.75

Hope it helps...