Question

21. Find the present value of 10,000 to be required after 5 years, if the interest rate be 9 per cent
compounded annually (Given: (1.09) = 0.65)​

Answer 1

Answer:

Rs.6499.42.

Step-by-step explanation:

Here i=0.09=9%

n−5

A

n

=10,000

Required present value =

(1+i)

n

A

n

=

(1+0.09)

5

10,000

=Rs.6499.42.

Answer 2

Answer:

900

is an correct answer