Question

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

Answer 1

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...