Question
Harry is an owner of an SME and he invested INR 37000 in an account, after 6 years the amount of her investment is observed
Harry is an owner of an SME and he invested INR 37000 in an account, after 6 years the amount of her investment is observed to be INR 54907.19.
a) Calculate the annual rate offered by the investment.
Harry withdraws the full amount available after 6 years and invests in another plan for n years.
b) If he received INR 89641.02 after n years, for how many years he has invested his money in the second investment.
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The Finance Book
Authors: Stuart Warner, Si Hussain
2nd Edition
1292401982, 978-1292401980
