Advertisements
Advertisements
प्रश्न
If an investment of Rs. 1,000 is made today, ascertain its Future Value (FV) after 2 years if the rate of interest is taken as 10%?
संख्यात्मक
Advertisements
उत्तर
Given Data:
Present Value (PV)/Principal Amount: Rs. 1,000
Rate of Interest (R): 10% per annum (or 0.10)
Number of Years (N): 2 years
Future value FV = PV(1 + r)n.
FV = 1000 × (1 + 0.10)2
= 1000 × 1.21
= Rs. 1,210
So the future value after 2 years is Rs. 1,210.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
