what would be rs 6000 amount in 21 years at 5% p.a if the intrest is is compounded every moment given e is equals to 2.718 and e 1/20 is equal to 1.052

Question

Answer 1

Amount = Lim k -> infinity P(1+r/100k)^kn

= Pe^nr/100 { General Formula if compounding happens every moment }

now putting the values, you will get your answer as shown below :

=> 6000 e^105/100
=> 6000 e^21/20

Answer 2

Amount = Lim k -> infinity P(1+r/100k)^kn

= Pe^nr/100 { General Formula if compounding happens every moment }

now putting the values, you will get your answer as shown below :

=> 6000 e^105/100
=> 6000 e^21/20

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what would be rs 6000 amount in 21 years at 5% p.a if the intrest is is compounded every moment given e is equals to 2.718 and e 1/20 is equal to 1.052