Find the present (In ₹) worth of ₹ 9261 due 3 | vedclass

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Question

(b) Here, $A=9261, t=3$ and $R=5$


$\begin{aligned} 	herefore \quad P &=\frac{A}{\left(1+\frac{R}{100}ight)^{t}}=\frac{9261}{\left(1+\frac{

Vedclass · Accepted Answer

$8000$

Vedclass · Answer

(b) Here, $A=9261, t=3$ and $R=5$


$\begin{aligned} 	herefore \quad P &=\frac{A}{\left(1+\frac{R}{100}ight)^{t}}=\frac{9261}{\left(1+\frac{5}{100}ight)^{3}} \ &=\frac{9261 	imes 20 	imes 20 	imes 20}{21 	imes 21 	imes 21}=₹ 8000 \end{aligned}$

Find the present (In ₹) worth of ₹ $9261$ due $3$ years, hence at $5 \%$ per annum compounded yearly.

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