Question

hello guyz.

A company borrows rs 10,000 on condition to repay it with compund interest at 5%pa by abnual installment of rs 1000 each. The no. of year by which debt will be clear is.....

(Solution required) tukka mt marna.​

Answer 1

solutions

Present value of annuity regular

 pv=A* [((1+I)^n -1)/(I*(1+I)^n]

 10000=1000* [((1+0.05)^n -1)/(0.05*(1+0.05)^n]

 (1.05)^n-0.5*(1.05)^n=1

 (1.05)^n=2

Taking log both sides

 n=log2/log 1.05r

Answer n= 14.2 years

Answer 2

Answer:

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