find the present value of Rs. 3000 due after 3 years, when the rate of interest is 12% p.a. compounded so solve the annually , half- yearly and continuously
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Heya!!!✋
Answer Of Your Question☺️
As We Know,
Compound Interest=p(1+r/100)^t
So,.
Interest→3000(1+12/100)^3
→3000(112/100)^3
→4214.48
So, Interest=(4214.78-3000.00)
→1214.78
Hope My Answer Helped☺️
Answer Of Your Question☺️
As We Know,
Compound Interest=p(1+r/100)^t
So,.
Interest→3000(1+12/100)^3
→3000(112/100)^3
→4214.48
So, Interest=(4214.78-3000.00)
→1214.78
Hope My Answer Helped☺️
dear there is 12%
so if we will the find of % then it will be 0.12
okkk
are you sure about that
so how will find half-yearly and continuously
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