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Keith_Richards [23]
3 years ago
15

4000 principal earning 6% compounded annually afteer 5yr

Mathematics
1 answer:
Anarel [89]3 years ago
7 0
Compounded annually makes it eaiser

for annually

A=P(1+r)^t

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=4000(1+0.06)^5
A=4000(1.06)^5
A=5352.9023
round
5352.90 rupees

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