(6) A person has to pay a company Rs. 20,800 at the end of 2 years. He offers to
pay now at the present value, taking 10% p.a. compound interest. What
amount should he pay now?
(7)
A person has to nav a com
R17 100
Answers
Answered by
0
Answer:
Rs.25,168
Step-by-step explanation:
Principal (P) = Rs.20,800
Rate (R) = 10% p.a.
Time (n) = 2 years
Amount (A) = P (1 + R/100)ⁿ
=> A = 20,800 (1 + 10/100)²
=> A = 20,800 (11/10) (11/10)
=> A = Rs.25,168
Answered by
0
₹25168 is the right answer
hope it helps you
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