Question

The present worth of 14641 at 10℅ rate of interest payable 4 years from now?

Answer 1

Given :- The present worth of 14641 at 10℅ rate of interest payable 4 years from now ?

Answer :-

Let present worth is Rs.x .

so,

→ 14641 = x * [1 + (R/100)]^(time)

→ 14641 = x[1 + (10/100)]⁴

→ 14641 = x [1 + (1/10)]⁴

→ 14641 = x(11/10)⁴

→ 14641 = x * (14641/10000)

→ x = Rs.10,000 (Ans.)

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