Question
1) You deposited Rs.5000 today when bank offered rate is 10%. Calculate total amount you will have in account at the end of 5 th
1) You deposited Rs.5000 today when bank offered rate is 10%. Calculate total amount you will have in account at the end of 5th year.
2) You deposited Rs. 5000 at the end of 2nd year and Rs.7000 at the end of 5th year.
(a)How much total fund you will have in account at the end of 5th year if bank offered rate is 9%?
(b) How much total fund you will have in account at the end of 7th year if bank offered rate is 12%?
3) You have Rs.12,000 which you deposited in a bank account, bank promised to pay you back Rs.20,000 after 5 years. What rate offered by bank?
4) Compute the value of Rs.5000 after five years if bank compounding quarterly and offered rate is 13%.
5) A person is planning to retire in 25 years and planning to save Rs.250, per year. How much he will accumulate at the time of retirement when interest rate is 8%?
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