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Message: <blockquote data-quote="zid2021" data-source="post: 27155742" data-attributes="member: 578907">What you get here is a geometric series with common ratio equal to 1+r. Plug that into the geomwtric series summation formula and you get that formula.<hr />For the original question think of it as 5 separate investments of Rs 100 for time periods of 5,4,3,2 and 1.So,    1st investment = 100(1.1^5)     2nd  investment= 100(1.1^4)     3rd  investment= 100(1.1^3)     4th  investment= 100(1.1^2)     5th  investment= 100(1.1^1)Then,Total accumulated value = 1st in +2nd in+...+5th inYou get the same answer using the formula.------ Post added on [DATETIME="UT"]1638720537[/DATETIME]</blockquote>

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