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प्रश्न
A person invested ₹ 5,000 every year in finance company that offered him interest compounded at 10% p.a., what is the amount accumulated after 4 years? [Given (1.1)4 = 1.4641]
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उत्तर
Given, C = ₹ 5,000, r = 10%p.a., n = 4 years
i = `"r"/100 = 10/100` = 0.1
It is an immediate annuity.
Now, A = `"C"/"i"[(1 + "i")^"n" - 1]`
= `(5,000)/(0.1)[1 + 0.1^4 - 1]`
= 50,000[(1.1)4 – 1]
= 50,000[1.4641 – 1]
= 50,000(0.4641)
= 23,205
∴ Amount accumulated after 4 years is ₹ 23,205.
संबंधित प्रश्न
A person wants to create a fund of ₹ 6,96,150 after 4 years at the time of his retirement. He decides to invest a fixed amount at the end of every year in a bank that offers him interest of 10% p.a. compounded annually. What amount should he invest every year? [Given (1.1)4 = 1.4641]
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