What Summonths Ifbeu annushanually.will be As 9826 in 18the rate is 22 – InterviewSolution

1.

What Summonths Ifbeu annushanually.will be As 9826 in 18the rate is 22%compounded 2

Answer»

Future value(A)=9826 time(t) = 18 months (1.5 years)

rate of interest(r)= 5% p.a compounded annually.

present vale(P)=?

A=P(1+r)^t

9826=P(1+5%)^1.5

P=9132.56. Ans

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