Question

You invest rs.3000 in a 2 year investment that pays you 12% p.a. calculate the future' value of the investment.​

Answer 1

Answer:

rs.3763.20

Step-by-step explanation:

F=C.F.(1+i)

n

Where F= Future value

C.F.=Cash flow=Rs.3,000

i= rate of interest =0.12

n=time period=2

F=Rs.3,000(1+0.12)

2

=Rs.3,000×1.2544

=Rs.3,763.20.