assuming an average inflation rate of 8% compounded what is the probable cost of a commodity in 10 years if its present cost is rupees 340
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sorry i am not help you about this
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Answer:
rupees 734
Step-by-step explanation:
Amount for Compound interest compounded annually = P(1+r/100)^t
where, P = principal
r = rate
t = time in years
amount = 340*(1+8/100)^10
340 (1.08)^10
= rupees 734
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