7. How long will it take Rs. 3,000 to accumulate to the amount of Rs.
4,958.54 at 6% compounded semi-annually?
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Answer:
Mathematics of Finance
Mark up
There are two types of mark
-
up:
I.
Dependent upon cost
푆푎푙푒
푃푟푖푐푒
=
퐶표푠푡
+
푀푎푟푘푢푝
푆푎푙푒
푃푟푖푐푒
=
퐶표푠푡
+
퐶표푠푡
푟푎푡푖표
푺
=
푪
(
ퟏ
+
풓
)
II.
Dependent upon sale
퐶표푠푡
=
푆푎푙푒
푃푟푖푐푒
−
푀푎푟푘푢푝
퐶표푠푡
=
푆푎푙푒
푃푟푖푐푒
−
푆푎푙푒
푟푎푡푖표
푪
=
푺
(
ퟏ
−
풓
)
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