Question

Find present value of an annuity of rs 16,000 per year for 3 years at 10% p.a.
​

Answer 1

Answer:

P=Rs.4000

n=10

x=10%

=

100

10

=0.1

M=

r

P

((1+r)

n

−1)

=

0.1

4000

((1.1)

10

−1)

=40000(2.594−1)

=63760.

∴ Amount of annuity =63760

Step-by-step explanation:

I hope that '& will help you....

Answer 2

Answer:

I didn't understand please keep question clearly