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rs1200 becomes rs1500 in 2yrs at a certain rate of compound interest what will be the sum after 6yrs?
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- NO NEED TO CALCULATE RATE...
A=P(1+(R/100))^N
1500=1200(1+(R/100))^N
15/12=(1+(R/100))^2
TAKE CUBE ON BOTH SIDES
(15/12)^3=(1+(R/100))^6MULTIPLY BOTH SIDES BY 1200
1200(1+(R/100))^6=1200*15*15*15/12*12*12
=2343RS.. - 11 years agoHelpfull: Yes(12) No(0)
- A=1500, P=1200, n=2
1500=1200(1+R/100)^2
R=11.8%
A=1200(1+11.8/100)^6= 2343 - 11 years agoHelpfull: Yes(9) No(0)
- ans will be 2343.75
- 11 years agoHelpfull: Yes(4) No(0)
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