Amount = Rs. (30000 + 4347) = Rs. 34347
(1+7/100)^n=34347
Let the sum be Rs. x. Then
C.I=x[1+4/100)^2-x]=[626/675x-x]
S.I=x^2/25
C.I-S.I=1
S=R[(1+i)^n-1]/i
M=P(1+i)^n
M = p(1+i)^n
The only part of this type of calculation that needs particular
care is that concerning the interest rate. The formula assumes that
r is a proportion, and so, in this case:
r = 0.08
In addition, we have P = 5,000 and n = 5, so:
V = P(1 + r)5 = 5,000 x (1 + 0.08)5 = 5,000 x 1.469328 = 7,346.64
Thus the value of the investment will be 7,346.64
S=R[(1+i)^n-1)/i]
S=R[(1+i)^n-1)/i]
A=R[(1+i)^n-1]/i(1+i)^n
A=R[(1+i)^n-1]/i(1+i)^n
R=S[i/(1+i)^n-1]
Comments
There are no comments.Copyright ©CuriousTab. All rights reserved.