The present value of Rs.10000 due in 2 years at 5+ p.a. compound interest when the interest is paid on haLf yearly basis is Rs. (a) 9070 (b) 9000 (c) 9061 (d) None
Dear Student,
(d) None , is the correct option
Justification: Given , A=10000 r=0.05 n=2 t=2
P=A / (1 + r/n)nt = 10000 / (1 + 0.05/2)2*2 = 9059.51
(d) None , is the correct option
Justification: Given , A=10000 r=0.05 n=2 t=2
P=A / (1 + r/n)nt = 10000 / (1 + 0.05/2)2*2 = 9059.51
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