Answers

2014-12-19T15:20:15+05:30

This Is a Certified Answer

×
Certified answers contain reliable, trustworthy information vouched for by a hand-picked team of experts. Brainly has millions of high quality answers, all of them carefully moderated by our most trusted community members, but certified answers are the finest of the finest.
An amount of Rs 2,000 is invested every year at 10% per annum at Compound interest.

P = Rs 2,000.  r = 10% = 0.1    n = 5 years

Accumulated amount S = P[(1+r)^n + (1+n)^n-1 + (1+n)^n-2 + ... + (1+r)^2+(1+r) ]
       S = P (1+r) [ (1+r)^n - 1 ] / [ (1+r) - 1 ]
     S = P (1+r) [ (1+r)^n - 1 ] / r

  S = 2000(1.1) [ 1.1^5 - 1 ] /0.1 =Rs 13, 431.22
     Of this Rs 10,000 was paid in 5 installments by sehwag, and remaining is the interest.

2 4 2
click on thank you link and select best answer