Question

If A person invests Rs.3 000 in a three years' investment that pays you 12% per annum.Calculate the future value of the investment. (a) Rs.4214.78 (b) Rs.4124.78 (c) Rs.4324.48 (d) Rs.4526.48

Answer 1

Answer:

answer is a

Step-by-step explanation:

1 ST YEAR INTEREST =360

SO TOTAL 3360

12% ON 3360=403.2

TOTAL AFTER 2 YEARS=3763.2

12% OF 3763.2=451.584

TOTAL AFTER 3 YEARS=4,214.784

~4214.78

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