At what rate of interest a certain sum will become 520 s
Answers
Your question is related to time value of money. You wanted to know the future value of a certain amount. This answer could have different values if it is known whether interest is compounding and also the frequency of compounding also matters.
For example if I take 100 and interest rate of also 10 pa then it will become 520 after 17 years, I take same figures but with monthly compounding then it will take only 16.5 years.
Formula fir this Present Value(1+r) with power n = Future value.
Your question is related to time value of money. You wanted to know the future value of a certain amount. This answer could have different values if it is known whether interest is compounding and also the frequency of compounding also matters.
For example if I take 100 and interest rate of also 10 pa then it will become 520 after 17 years, I take same figures but with monthly compounding then it will take only 16.5 years.
Formula fir this Present Value(1+r) with power n = Future value.
Your question is related to time value of money. You wanted to know the future value of a certain amount. This answer could have different values if it is known whether interest is compounding and also the frequency of compounding also matters.
For example if I take 100 and interest rate of also 10 pa then it will become 520 after 17 years, I take same figures but with monthly compounding then it will take only 16.5 years.
Formula fir this Present Value(1+r) with power n = Future value.