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Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be?
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Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The ...
Given data:
Annuity amount (A) = Rs. 1,00
Amount after a certain time (A') = Rs. 3,137.12
Rate of interest (R) = 45% per annum
Compound Interest (C.I.)
Calculation of Compound Interest (C.I.):
A' = A * (1 + R/100)^n
3,137.12 = 1,00 * (1 + 45/100)^n
31.3712 = (1.45)^n
n = log(31.3712) / log(1.45)
n ≈ 6 years
Therefore, the number of years required for the annuity amount of Rs. 1,00 to become Rs. 3,137.12 at a rate of 45% per annum compound interest is approximately 6 years.
Annuity amount (A) = Rs. 1,00
Amount after a certain time (A') = Rs. 3,137.12
Rate of interest (R) = 45% per annum
Compound Interest (C.I.)
Calculation of Compound Interest (C.I.):
A' = A * (1 + R/100)^n
3,137.12 = 1,00 * (1 + 45/100)^n
31.3712 = (1.45)^n
n = log(31.3712) / log(1.45)
n ≈ 6 years
Therefore, the number of years required for the annuity amount of Rs. 1,00 to become Rs. 3,137.12 at a rate of 45% per annum compound interest is approximately 6 years.
Community Answer
Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The ...
20yrs
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Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be?
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Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be?.
Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be?.
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