Question

What will rs450 amount to in 2years 5℅compounded annually​

Answer 1

Answer: Rs.496.13

Explanation:

Amount = P (1 + r/100)^t
A = 450 (1 + 5/100)^2
A = 450 x 1.05^2
A = 450 x 1.1025
A = 496.125