Compounded annually makes it eaiser
for annually
A=future amount <span> </span> P=present amount <span> </span> r=rate in decimal <span> </span> t=time in years
given that present amount is 4000 (what, rupees?)
and rate is 6% or 0.06 and time=5
A=5352.9023
round
5352.90 rupees
for annually
A=future amount <span> </span> P=present amount <span> </span> r=rate in decimal <span> </span> t=time in years
given that present amount is 4000 (what, rupees?)
and rate is 6% or 0.06 and time=5
A=5352.9023
round
5352.90 rupees