12. The present value of annuity of * 5,000 per annum for 12 years at 4% p.a C.I. annually is
(a) * 46,000 (b) * 46,850
(c) 15,000
(d) * 46925.40
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Answered by
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Answer:
Step-by-step explanation:
principal =5000.
rate =4 percent.
time =12 months =1yrs
a=p(1+r/100)n
a=5000(1+4/100)1
a=5000*(104/100)
a=5000*26/25=200*26=5200.
ci=a-p
ci=5200-5000=200answer
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Answered by
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Answer:
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Step-by-step explanation:
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