Re: ::: vuaskari.com ::: Assignment # 1 MTH302 (Fall 2011)

plz check,,there is some mistake.15000(1+15/100)^5.5====15000(1+0.825)^5.5,,,here 0.825 is mistyped or wt?

From: mc110403431 Samina Shafqat <mc110403431@vu.edu.pk>
To: vuaskari_com@googlegroups.com
Sent: Friday, 28 October 2011, 11:37
Subject: Re: ::: vuaskari.com ::: Assignment # 1 MTH302 (Fall 2011)

ans to q # 2

compound interest = s - p

                         s = P (1 + r /100)^n

                            =15000 (1 + 15 /100)^5.5

                            15000 (1 + 0.825)^5.5

                             15000 (1.825)^5.5

                              15000 * 27.349 = 410239 rs

compound interest = 410239 - 15000 = Rs. 395239

                       sorry guys i dunt knoe the formula of finding the future value but i will inshallah solve in one or two days

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