Question

you invest ₹3000 in a two year investment that pays you 12% per annum. calculate the future value of the investment​

Answer 1

Jaat is the most and will not get anything

Answer 2

Future value of the investment​ = 3,763.2

Step-by-step explanation:

Given:

Total  = 3,000

Rate of interest (r) = 12% = 12 / 100 = 0.12

Number of year invested (n) = 2 year

Future value of the investment​ = ?

Computation of future value of the investment​:

$future\ value\ of\ the\ investment​ = amount\ invested(1+r)^n\\\\future\ value\ of\ the\ investment​ = 3,000(1+0.12)^2\\\\future\ value\ of\ the\ investment​ = 3,000(1.12)^2\\\\future\ value\ of\ the\ investment​ = 3,000(1.2544)\\\\future\ value\ of\ the\ investment​ = 3,763.2$

Future value of the investment​ = 3,763.2

Future value of the investment​ = 3,763 (approx)

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