Question

2) Find the p payable of amount for 3 years at P= £ 2,50,000 4% interest p.a.​

Answer 1

Answer:

The amount payable is £2,81,216

Step-by-step explanation:

Given that,

Principle = 2,50,000

Interest = 4%

Time = 3years

F(Amount payable) = ?

W.K.T :

F = P(1+i/100)^n

2,50,000(1+4/100)^3 = £2,81,216