01-13-2012, 09:36 PM
Question to be solved:
At what annual interest rate must Rs. 1,34,00,000 be invested by Sarah today so that it will grow to Rs. 4,59,00,000 in 15 years if interest is compounded weekly?
Helping material
S = P(1 + r/100)^ n
Compound interest = S - P
Where,
S = Money accrued after n years also called compound amount
P = Principal
r = Rate of interest
n = Number of periods
At what annual interest rate must Rs. 1,34,00,000 be invested by Sarah today so that it will grow to Rs. 4,59,00,000 in 15 years if interest is compounded weekly?
Helping material
S = P(1 + r/100)^ n
Compound interest = S - P
Where,
S = Money accrued after n years also called compound amount
P = Principal
r = Rate of interest
n = Number of periods
0300-9520262
Get solution in 24 hour |cpmputer & internet
mileys81:[SIZE="4"][SIZE="3"]....[/SIZE][/SIZE]