3.find the present value of Rs 35,730.48 to be paid three years from now with the rate of compounding at 6% pa
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Answer:
Rs. 42,555.57
Step-by-step explanation:
Sum = Rs. 35730.48
Rate = 6% p.a.
Time = 3 years
Amount = 35730.48(1 + 6/100)^3 = (35730.48 × 106 × 106 × 106)÷(100 × 100 × 100) = Rs. 42,555.57
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