Answer:
so the answer is RS 20200
Step-by-step explanation:
simple formula for calculation ( as for compound interest you have to invest initially)
starting total investment Pₓ = Rs 150000
Interest rate r= 6 % = 0.06
compounds in years total K = (12 months)
for how many year you want to invest Pₙ = 5
formula
Pₙ = Px (1 + r/k) ⁿ ˣ ¹²
P₅ = 150000 (1 + .06/12) ¹² ˣ⁵
= 150000 (1.005) ⁶⁰
= 150000 x 1.348
= Rs 202200
