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Answered on 30 Jan Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Mathematics Annuities

Sujoy D.

Tutor

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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Answers 7 Comments 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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Answers 2 Comments 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... read more

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 rate would you need? read less

Khushbu

I have 1 year of experience in this field

15%

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Answers 2 Comments 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... read more

If you need Rs. 10,000 to pay for your first year of graduate school in 3 years and you get an interest rate of 9%, how much must you invest each of the next three years? read less

Kundan

Maths Wizard

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

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Answers 2 Comments 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... read more

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

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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Answers 1 Comments 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

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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Answers 2 Comments 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

JEE/Board Maths Tutor

210 weeks.

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Answers 2 Comments 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... read more

Suppose you have the opportunity to make an investment expects to pay investors Rs. 7,000 per year for next eight years. If the cost is Rs. 50,000, what return would you receive? read less

Ankit

JEE/Board Maths Tutor

Rs. 6000.

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Answers 2 Comments 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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Answers 2 Comments 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

JEE/Board Maths Tutor

1000/.155 = Rs. 6451.61.

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