Question

What is the Future value of Rs.50,000 invested at 10% for 6 years

Answer 1

ANSWER ::

ANSWER ::

Principal = P = 50000 Rs

Interest = I =?

Time = T = 6 years

Let Rate of interest = R % = 10%

We know that

I = PRT /100

I = 50000×10×6/100 = 30000

So the interest = 30000 Rs

So the future value = 50000 + 30000 =80000 Rs

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