Question

Asheesh wants to buy a property after 12 and half years. The cost of the property is Rs. 50,00,000. He likes to invest only in bank Fixed deposits. His FD gives him interest of 10% per annum compounded annually. How much money he will have to invest today, so that he can buy the property later ?​

Answer 1

Step-by-step explanation:

principal = 50,00,000

simple interest = 10%

rate = ?

time = 12 and half years

Simple Interest = P×R×T

10% = 50,00,000×R×12 1/2

10% = 25,00,000×R×12

R = 10×25,00,000×12

R = 120×25,00,000

R = 3,00,00,000

Answer 2

Answer:

nahi Pta bro itna samjh nhi aata