Mr. A deposits Rs 10,000 in a bank for 6 years. If the interest rate is 12% and the frequency of compounding is four times a year, what will be the size of deposit after 6 years? A person saves Rs...


Mr. A deposits Rs 10,000 in a bank for 6 years. If the interest rate is 12% and the frequency of compounding is four times a year, what will be the size of deposit after 6 years?


A person saves Rs 10,000 every year for 18 years so that he will get a lumpsum amount thereafter to do a business. He expects that his savings should earn 8% interest. Find the size of the lumpsum amount.



May 05, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here