Explanation : Given, a beginning amount
'P', the ending amount 'A' after '(
number of years can be calculated as
A = P (1 + _r_Y"
lOOn)
Where, r is the interest rate.
and n is the number of compounding
111 a year.
[
100 )2,3/2
ff c!'(~ A = 48000 1 + ._--
2 x 100