Question

if ram needs Rs 6,00,000 after 10 years.how much should be invest now in a bank if bank pays 20% interest per annum

Answer 1

Answer:

i think 64424

Step-by-step explanation:

6,00,000(1-×20/100)^10

Answer 2

Rs.96903.34 should be invest now in a bank if bank pays 20% interest per annum

Step-by-step explanation:

Amount = Rs.6,00,000

Time = 10 years

Rate of interest = 20%=0.2

Formula :$A=P(1+r)^t$

$600000=P(1+0.2)^{10}$

$\frac{600000}{(1+0.2)^{10}}=P$

96903.34=P

Hence Rs.96903.34 should be invest now in a bank if bank pays 20% interest per annum

#Learn more:

Bunty borrowed some amount at 18% per annum.he had to pay rs 225 as interest after 4 years.how much did he borrow?​

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