For 19th question in the screen shot which formula should we use
Lathika
CA Inter
★ 6K+
11-Dec-22 13:46
593
Answers (3)
Best Answer
Use future value formula and take FV for 3 years as Rs.7290. Find present value ie) value before 3 years. The value decreases every year. So, instead of (+), use (-) in formula.