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Dear Student,

P r e s e n t v a l u e (V p) = 9 c r o r e t o n s R a t e o f i n c r e a s e (R) = 15 % N u m b e r o f y e a r s (T) = 2020 - 2014 = 6 F u t u r e v a l u e = V p {(1 + \frac{R}{100})}^{T} = 9 \times {(1 + \frac{15}{100})}^{6} = 9 \times {(\frac{115}{100})}^{6} = 20.82 c r o r e t o n s

Regards,

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