Anil borrowed Rs 54000 from his friend at 10% per annum for 5 years. He cleared the loan after
5 years by paying Rs 50000 and a piece of land. Find the price of that piece of land.
Answers
Answered by
12
Value of 54,000 after 5 year
= 54,000*
CF = 54,000*1.61 =86,940
Value of land = 86,940-50,000
=>36,940
Hope it helps you
Answered by
1
Value of 54,000 after 5 years
= 54,000 × CF
= 54,000 × 1.61
= 86,940
Value of land = 86,940 - 50,000
= 36,940
✨I hope this will help you ✨
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