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Answered on 12/12/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Mathematics Annuities

If 6 years ago you invested Rs. 500 and received an interest rate of 4% (compounded monthly), how much...

Veera Krishna

Trainer

Rate = 4%= 0.04 Amount = 500 since compounded monthly = no of years x 12=6 x 12 = 72 total amount = 500 x(1+0.04)^72 Rs. 8421.131.

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Answered on 01/12/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Mathematics Annuities

If you want to buy a boat in 6 years that costs Rs. 1,000 and you can save Rs. 150 per year, what interest...

Khushbu

I have 1 year of experience in this field

15%

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Answered on 07/12/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Mathematics Annuities

If you plan to save Rs. 300 annually for 10 years and the discount rate is 15%, what is the future value?

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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Answered on 09/12/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Mathematics Annuities

If a perpetuity is worth Rs 1,000 and r = 15.5%, what is the cash flow?

Ankit Pushp

JEE/Board Maths Tutor

1000/.155 = Rs. 6451.61.

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Answered on 09/12/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Mathematics Annuities

Suppose you have the opportunity to make an investment expects to pay investors Rs. 7,000 per year for...

Ankit Pushp

JEE/Board Maths Tutor

Rs. 6000.

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Answered on 09/12/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Mathematics Annuities

How long will it take to repay a loan of Rs. 150, if I pay $1 per week and the rate on my loan is 4%?

Ankit Pushp

JEE/Board Maths Tutor

210 weeks.

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Answered on 29/11/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Mathematics Annuities

To have Rs. 6000 in 7 years what interest rate would you need if you saved $200 every quarter?

Jitender Saini

Physics Expert

1 Dollar = 68.67, Now amount of one year = 200*4*68.67= Rs. 54936, You have interest= 6000, Time =7 yr, Now rate = 6000*100/54936*7= 1.5603 ans.

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Answered on 09/12/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Mathematics Annuities

How many years would it take you to have Rs. 2,500 if you saved Rs. 100 each month at 15%?

Ankit Pushp

JEE/Board Maths Tutor

Principle for a month=Rs.100 Amount=SI+P= P(1+RT/100)=100(1+0.15T) =>2500=100(1+0.15T) =>25=1+0.15T =>24=0.15T =>T=160 months=13.3 yrs

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Answered on 08/12/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Mathematics Annuities

If a two year weekly annuity is worth Rs. 5000 and r = 9.8%, what is the weekly cash flow?

Josh J

Accounts Tutor

Rs.45 per week.

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Answered on 07/12/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Mathematics Annuities

If you need Rs. 10,000 to pay for your first year of graduate school in 3 years and you get an interest...

Kundan

Maths Wizard

This problem is based on installment. Please tell the rate of interest charged is SI or CI.

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