Question

How much that does it worth today, if the interest rate is 5%, and at the end of 7 years $10
is received?
7
100
a)
(1+0.05)
100
b)
(0.05)
100
(1+5)?
d) 100
​

Answer 1

Answer:

How much that does it worth today

Answer 2

Answer :-

given that,

• Amount = $10 .
• Time = 5% .
• Time = 7 years .
• Let principal = $ x ..

so,

→ P + SI = 10

→ P + (P * R * T)/100 = 10

→ P[1 + (RT/100)] = 10

→ P[1 + (5*7/100)] = 10

→ P[1 + (7/20)] = 10

→ P(27/20) = 10

→ P = (10 * 20)/27

→ P = (200/27)

→ P = $7.4 (Ans.)

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