Question

What is the present value of Rs 60, 000 due after 5 years from now if the interest is

compounded continuously at the rate of 6%?​

Answer 1

Step-by-step explanation:

= 80293.534656

A= ? P= 60000 r = 6% T = 5 year

$amount = \frac{60000 \times 106 ^{5} }{100 ^{5} }$

A = 80293.5

Si = A-p

si = 80293 - 60000

Si = 20293.5