Question

The present value of an annuity of rs 3000 for 15 years at 4.5 pa ci is

Answer 1

Answer:

Interest : 3000

Time : 15 years

Rate of Interest : 4 . 5 %

3000 for 15 years at 4.5% per annum CI. The present value of an annuity is Rs. 32 , 218 . 63 .

Interest = P × T × R / 100

I × N × R / 100

Money given is ₹ 32 , 218 . 63 paise

Explanation:

PV = P × 1 − (1+r)−n r.

PV = Annuinity

This is Formula for find Annuinity