Rathinavelu

• Oct 19th, 2006

 

I have made some adjustment inorder to solve this problem for my easier approach.

For Every year the capital is increased by 50 percent and we need the amount at the end of eighteen years.

This is equivalent to: Capital is increased by 50 percent for every year and find the amount at the end of 6 years. 

Solution: P = 2000, r = 50/100 = 0.5, n = per year, t = 6 (number of years)

            C = P ( 1 + r/n )^(nt)

           C = 2000 ( 1 + 0.5/1)^[1*6]

           C = 22781.25

santosh_kumar0009

 Profile Answers by santosh_kumar0009 Questions by santosh_kumar0009

• Nov 16th, 2006

 

In every 3 yrs it will be 1.5 times,

there are 5 such sessions will come,

amount after 3 yrs is (2000)*(1.5)

amount after 6 yrs is ((2000)*(1.5))*(1.5)

amount after 9 yrs is (((2000)*(1.5))*(1.5))*1.5=2000*(1.5)^3

amount after 18 yrs is 2000*(1.5)^6

=2000*11.390625

=22781.25

harikvh88

 Profile Answers by harikvh88 

• May 19th, 2008

 

as it is divided into 6 sessions so

amount after 18 yrs is 2000*(1.5)^6

=2000*11.390625

=22781.25