Question

Find the amount of an immediate annuity of 15000 per year payable f
12 years at 10 % p.a.
​

Answer 1

Answer:

A = Rs. 33,000/-

Step-by-step explanation:

P = Rs. 15,000/-

R = 10%

T = 12

SI = P × R × T / 100

SI = 15,000 × 10 × 12 / 100

SI = Rs. 18,000/-

A = SI + P

A = Rs. 15,000 + Rs. 18,000/-

A = Rs. 33,000/- (ans)