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Answered on 30/01/2018 Learn Annuities +2 CBSE - Class 10/Mathematics

Sujoy D.

JU-IITKGP & 10+ years experienced for boards, JEE,NEET,OLYMPIAD & 5-12

SI= PRT/100 =40,000*7*72/1200. By Solving It. 16,800 RS. Amount = Si + Principal =16800+40000 = Rs. 56,800.
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Answered on 18/11/2016 Learn Annuities +2 CBSE - Class 10/Mathematics

Scholars' Point

It should be 2684.56 ( 400/.149)
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Answered on 07/12/2016 Learn Annuities +2 CBSE - Class 10/Mathematics

Shambhavi S.

Formula to be used is:- Present Value=Future Value/((1+r)^n), where r is discount rate and n in number of years. So, Future value= 300 *((1+0.15)^10)+300 *((1+0.15)^9)+300 *((1+0.15)^8)+....+300 *((1+0.15)^1).
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