Meera deposited a sum of $R s .10, 400$ in life insurance for $3 %$ compounded annually at $6 \frac{1}{4}$ % per annum. What amount will he get on maturity?

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Solution

$P = R s . 10, 400$
$T = 3 y e a r s$
$R = 6_{4}^{1}$
$R = \frac{25}{4}$
$A = P (1 + \frac{R}{100})^{T}$
$A = 104000 (1 + \frac{25}{4 * 100})^{3}$
$A = 104000 (\frac{17}{16})^{3}$
$A = R s .12474 .4$

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Meera deposited a sum of Rs.10,400 in life insurance for 3%compounded annually at 614% per annum. What amount will he get on maturity?

P=Rs.10,400T=3yearsR=614R=254A=P(1+R100)TA=104000(1+254∗100)3A=104000(1716)3A=Rs.12474.4

Meera deposited a sum of $R s .10, 400$ in life insurance for $3 %$ compounded annually at $6 \frac{1}{4}$ % per annum. What amount will he get on maturity?

$P = R s . 10, 400$
$T = 3 y e a r s$
$R = 6_{4}^{1}$
$R = \frac{25}{4}$
$A = P (1 + \frac{R}{100})^{T}$
$A = 104000 (1 + \frac{25}{4 * 100})^{3}$
$A = 104000 (\frac{17}{16})^{3}$
$A = R s .12474 .4$