Hawk Learner

CAT Preparation Community 4y ago

how to solve this calculation faster I am not seeing how start as well 15000*((1.075)^10)

1

Akarsha Mandala 4y ago

Hi Varshith Yelleti, (1+0.075)^10 = 1 + 10(0.075) + 45(0.075)^2 +..... = 1 + 0.75 + 0.25 = 2 In this binomial expansion, we consider only first three terms. As the remaining terms are approximately zero, we will neglect them and consider first three terms to calculate faster. Sometimes we only consider first two terms depending on the value of third term. 15000((1.075)^10) = 15000(2) = 30000 Hope this helps!

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