Request a call back

Join NOW to get access to exclusive study material for best results

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
CBSE 12-commerce - Maths
Asked by ranjanasingh25812 | 16 May, 2022, 09:01: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Maths
Asked by rj21071997 | 02 May, 2022, 03:49: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Maths
Asked by sumitfulsundar732 | 09 Aug, 2021, 09:09: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Maths
Asked by sehgalshubham86 | 12 Jan, 2021, 07:31: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Maths
Asked by adithyavardhansudagoni2004 | 27 Sep, 2020, 11:08: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Maths
Asked by raksha2sanubth | 19 Jul, 2020, 10:39: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Maths
Asked by as9247555 | 19 May, 2020, 08:02: AM
ANSWERED BY EXPERT
×