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CBSE Class 12-commerce Answered

If we want ₹8,640 three years from now and the compounded interest rate is 20% p.a how much should we invest today? (assuming interest is compounded yearly)  
Asked by manojlodhval | 09 Sep, 2022, 11:33: PM
Expert Answer
straight A space equals space straight P open parentheses 1 plus straight R over 100 close parentheses to the power of straight n 8640 equals straight P open parentheses 1 plus 20 over 100 close parentheses cubed straight P space equals space 5000 Need space to space invest space Rs.5000
Answered by Arun | 12 Sep, 2022, 11:25: AM

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CBSE 12-commerce - Maths
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