2007-01-17 19:25:06 · 6 answers · asked by Anonymous in Science & Mathematics ➔ Mathematics
p=10000 R=18%,T=26
THEN FORMULA FOR COMPOUND INTEREST IS C.I=P(1+R/100)^N=10000(1+18/100)^26
=10000(1+9/50)^26
= 10000(59/50)^26
=10000*59^26/50^26
2007-01-17 20:30:27 · answer #1 · answered by surekha a 1 · 0⤊ 0⤋
Amount for C.I = P(1+(r/100))^n (for sum compounded annually)
P = principal amount
r = rate of interest
n = no. of years
For ur question, P = 10000 r = 18% and n = 26
Amount (Rs.)= 10000(1 + (18/100))^26 = 10000(73.94898) = 739489.8.
C.I = Amount - P = 739489.8 - 10000 = 729489.8 which is the ans.
2007-01-17 22:00:43 · answer #2 · answered by Poornima G 2 · 0⤊ 0⤋
Compound Interest = ( 1 + r/100) ^ n * amount
Amount = 10000
r = 18
n = 26
C I = (1+18/100)^26 * 10000
CI = Rs. 739489.8 /-
2007-01-17 21:41:15 · answer #3 · answered by coollovablechap 1 · 0⤊ 0⤋
Rs 10,000*1.18^26 = Rs 739,489
2007-01-17 19:52:38 · answer #4 · answered by Helmut 7 · 0⤊ 0⤋
there's a formula.
but i suggest you buy a financial calculator or find one online.
tht way you don't have to ask a yahoo question eaxh time you need to compound something
2007-01-17 20:11:25 · answer #5 · answered by Layla 3 · 0⤊ 0⤋
i am weak at maths
2007-01-17 22:44:51 · answer #6 · answered by yasharora_2007 1 · 0⤊ 0⤋