Menu
Maths
given annuity of rs.100 amounts to rs.3137.25 at 4.5% p.a. C.I. The no. of years will be?
Replies (5)
Its 20 years.....for caculation take calculater and 100+4.5%+100+4.5%+100+4.5% and now do the same untill you type 100 for 20 times (do on caculater only)
Apply the formulae for future value of annuity
3137.25 = 100x{(1.045)n-1}/.045
(1.045)n = 2.4117625.
Now multiply 1.045 as many times till you get 2.4117625. No of times you multiply is your answer i.e. 20 years.
Its 20 years for caculation take calculater an and now do the same untill you type 100 for 20 times (do on caculater only)
I am so lucky to 1001 games have you, I have learned a lot from your words learn to live to give to myself.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
