Question

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

Answer 1

Answer:

FV = ₹ 3.763.20

Step-by-step explanation:

We know,

FV = C.F (1 + i)ⁿ

Where 'F' = Future value

C.F. Cash flow = ₹ 3,000

i = Rate of intrest = 0.12

FV = ₹ 3,000(1+0.12)²       (1.12)² = 1.2544

FV = ₹ 3,000 × 1.2544

FV = ₹ 3.763.20