Q:

A) 7346.64 | B) 8346 |

C) 3456 | D) 4567 |

Answer: A) 7346.64

Explanation:

Explanation:

The only part of this type of calculation that needs particular

care is that concerning the interest rate. The formula assumes that

r is a proportion, and so, in this case:

r = 0.08

In addition, we have P = 5,000 and n = 5, so:

V = P(1 + r)5 = 5,000 x (1 + 0.08)5 = 5,000 x 1.469328 = 7,346.64

Thus the value of the investment will be 7,346.64

0
214

0
177

Q:

A) ₹ 40000 | B) ₹ 40500 |

C) ₹ 39800 | D) ₹ 40250 |

1
299

Q:

A) Rs.250000 | B) Rs.200000 |

C) Rs.350000 | D) Rs.550000 |

0
263

Q:

A) 13270 | B) 13000 |

C) 13300 | D) 13310 |

0
1729

1
317

4
295

Q:

A) 6998.4 | B) 6960 |

C) 6784.4 | D) 6869.4 |

0
336