1.

What is the value of rs.74,000 after 3 and 1/2 year at 5.25% , compounded monthly?

Answer»

<P>Answer:

634687

Step-by-step explanation:

COMPOUND amount = P(1+R/100)^n

3 and 1/2 year = 42 months

=74000(1+5.25/100)^42

74000(1 + 5.25 \div 100)^{42}

=634,687(approximate)



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