Math, asked by sanyogitagawade09, 2 months ago

Find the present value of rs.10000 to be required after 5 years if the interest rate be 9% compounded annually

Answers

Answered by kabilasreesboa

1

Answer:

Rs.6499.42.

Step-by-step explanation:

Here, i=0.09=9%

n=5

A

n

=10,000

Required present value =

(1+i)

n

A

n

=

(1+0.09)

5

10,000

=Rs.6499.42.

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