find the sum of money which amounts to Rupees 4640 at 8% simple interest per annum at the end of 2 years
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4640 divided by (1+ (.08x2) equals to 4000 rupees.
sorry I am bad at English. thats why it took so long.
the formula is Pv= fv/(1+in) where pv is present value, fv is future value, i is rate of interset and n is numbers of years
sorry I am bad at English. thats why it took so long.
the formula is Pv= fv/(1+in) where pv is present value, fv is future value, i is rate of interset and n is numbers of years
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