Accountancy, asked by Young1524, 1 year ago

what is the present value of rs 1000 payable 5 years hence, if the interest rate is 105 per annum

Answers

Answered by Anonymous

5

si =p*r*t÷100
105= 1000×5×r÷100
105=50×r
r=105÷50
r=21÷10
r= 2.1%

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