[15000 *(1+r/100)^2-15000]-(15000*r*2)/100=96
r=8
Sum =Rs.(50 x 100/2x5)
= Rs. 500.
Amount
=[Rs.500x(1+5/100)²]
=Rs(500x21/20x21/20).
=Rs. 551.25
C.I
= Rs. (551.25 - 500)
= Rs. 51.25
Amount
=Rs.[8000x(1+5/100)²]
= Rs.[8000 x 21/20x21/20]
= Rs.8820.
FV=P(1+r/n)^nt
F=P(1+i)^n
First find the present value of $3800,then compare present values:
M = p(1+i/4)^4n
i=j/m
The single equivalent payment will be PV + FV.
FV = Future value of $10,000, 12 months later
$10,000 *(1.0075)/12
$10,938.07
PV= Present value of $10,000, 24 months earlier
$10,000/(1.0075)24
$8358.31
The equivalent single payment is
$10,938.07 + $8358.31 = $19,296.38
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