Question

How much more should a person invest if he/she wishes to get in 10 years the amount he/she would get in 12 years at a 30% rate of interest compounded annually? (a) 69% (b) 54% (c) 38% (d) Cannot be determined ​

Answer 1

ans 38%

How much more should a person invest if he/she wishes to get in 10 years the amount he/she would get in 12 years at a 30% rate of interest compounded annually? (a) 69% (b) 54% (c) 38% (d) Cannot be determined