if man invest 2200 monthly for 15year @9% compound interest then after 15year which amount of money he get.

• 5170 i guess
• 12 years agoHelpfull: Yes(0) No(2)
• Formaula for compound interest A=p(1+r/q)^nq
  =2200(1+0.09/12)^12.15
  A=8443.7
• 12 years agoHelpfull: Yes(0) No(1)
• @ Billa /Vaadi,
  
  The man has invesyed Rs 2200 monthly means Rs 2200 per month.
  
  Then final amount must be quite large amount after 15 years.
• 12 years agoHelpfull: Yes(0) No(0)
• he will get= 2000*((1+9/100)^15)=2000*3.6425=7285
• 12 years agoHelpfull: Yes(0) No(0)