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find the sum of money which will to Rs.27783 in 3yrs at5percent per annum,the interest compounded anually.
Find the sum of money which will amount to Rs.27783 in 3yrs at 5percent per annum,the interest compounded annually.
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* ******************** ***** ********* *********** taken *********** ** ************* ******** **** ** ******* ***** **** ** 5/100=005n=number ** times ********** anually=1P=principal this is *** ***** ** looking for ***** thevalues **** *** ******** and *** ****************************************************************** *** sum of money ***** **** amount to ** ***** ** **** ** a rate ** ***** annum ** ********** *** *****
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*** ******* *** *********** *** future ***** ** ** investment of a ********* ****** invested *** n ** ** years with ********** **** of ******** ** *** * * (1 + r/n)^(nt) * ******* ***** ** ** investment * * ********* ********** ****** **** ******* ******* or **** amount) ** the ****** ******** **** (decimal) n= *** number ** ***** **** ******** ** ********** *** **** ***** *** ****** ** ***** *** ***** is invested ** ******** forSo we **** *** ********* values ** * * * * & t **** *** ******* * * 27783 P * ? *** **** out * r * 5% = *** * * * *** * * * Substituting these ****** ** the ******* ** **** ***** * P * ** ************************ * 3)⇒ ***** * * X * *** ********************* ***** * * X 1157625 *** * * ***** / 1157625 * 24000So *** sum of money which **** ****** ** ** ***** in * ***** at * * compounded **** of ******** ** Rs *******
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**** ** *** 100% correct ******
