Question

Scheme a offers compound interest at a a certain rate rat r of interest when a sum was invested in the scheme it amounted to rs 14112 after 2 years and rs 16934.40 after 3 years what was the sum of money invested

Answer 1

The internal rate of return (IRR) is frequently used by companies to analyze profit centers and decide between capital projects. But this budgeting metric can also help you evaluate certain financial events in your own life, like mortgages and investments.