CA Foundation Exam > CA Foundation Questions > Given annuity of Rs. 1 00 amounts to Rs. 3.13...
Start Learning for Free
Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be?
Most Upvoted Answer
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
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be?
Question Description
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?.
Solutions for Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be? defined & explained in the simplest way possible. Besides giving the explanation of
Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be?, a detailed solution for Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be? has been provided alongside types of Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be? theory, EduRev gives you an
ample number of questions to practice Given annuity of Rs. 1 00 amounts to Rs. 3.137.12 at 45% pa. C.I. The number of years will be? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup