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If A person invests Rs.3,000 in a three years’ investment that pays you 12% per annum. Calculate the future value of the investment.?
Most Upvoted Answer
If A person invests Rs.3,000 in a three years’ investment that pays yo...
Calculation of Future Value of Investment
Given data:
Formula:
Calculation:
Conclusion:
The future value of the investment is Rs. 4,214.78. This means that after three years, the investment will grow to Rs. 4,214.78 with a 12% annual interest rate.
Given data:
- Principal amount (P) = Rs. 3,000
- Time period (n) = 3 years
- Rate of interest (r) = 12% per annum
Formula:
- Future Value (FV) = P x (1 + r/100)^n
Calculation:
- Future Value (FV) = 3,000 x (1 + 12/100)^3
- Future Value (FV) = 3,000 x (1 + 0.12)^3
- Future Value (FV) = 3,000 x 1.404928
- Future Value (FV) = 4,214.78
Conclusion:
The future value of the investment is Rs. 4,214.78. This means that after three years, the investment will grow to Rs. 4,214.78 with a 12% annual interest rate.
Community Answer
If A person invests Rs.3,000 in a three years’ investment that pays yo...
FV= a[ (1+i)^n-1]/i
3000[ (1+.12)^3]/.12
3000[3.3744]
=10123.2
Ans 10123.2
3000[ (1+.12)^3]/.12
3000[3.3744]
=10123.2
Ans 10123.2
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If A person invests Rs.3,000 in a three years’ investment that pays you 12% per annum. Calculate the future value of the investment.?
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If A person invests Rs.3,000 in a three years’ investment that pays you 12% per annum. Calculate the future value of the investment.? 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 If A person invests Rs.3,000 in a three years’ investment that pays you 12% per annum. Calculate the future value of the investment.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If A person invests Rs.3,000 in a three years’ investment that pays you 12% per annum. Calculate the future value of the investment.?.
If A person invests Rs.3,000 in a three years’ investment that pays you 12% per annum. Calculate the future value of the investment.? 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 If A person invests Rs.3,000 in a three years’ investment that pays you 12% per annum. Calculate the future value of the investment.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If A person invests Rs.3,000 in a three years’ investment that pays you 12% per annum. Calculate the future value of the investment.?.
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