Accedmychevron_right11thchevron_rightmathchevron_rightSequences And Serieschevron_rightExercise 6.11

[ P = 150000,\quad r = 6,\quad n = 8. ]

[ A = 150000\left(1 + \frac{6}{100}\right)^8 = 150000(1.06)^8. ]

[ (1.06)^2 = 1.1236,\quad (1.06)^4 = (1.1236)^2 = 1.262477,\quad (1.06)^8 = (1.262477)^2 \approx 1.593848. ]

[ A \approx 150000 \times 1.593848 = 239077.2. ]

Answer: Rs. 239077.20 (approx.)