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Please explain the steps for question no. 111

Process

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Roshan Zameer

Roshan Zameer

CA Inter

7K+

19-Nov-20

30

Answers (3)

55 cr = 5500 lacs 5500 x(1.02 ) power 10 6704


Sriram Somayajula

Sriram Somayajula

Admin

20-Nov-20

p*(1+r)^n (i.e) 55 crore*(1+2/100)^10 = 55 crore* (1.02)^10 = 670446931 = 6704 lakh (approx.)


Shanmughamani S

Shanmughamani S

CA Inter

13K+

20-Nov-20

Thank you


Rithika Selvam

Rithika Selvam

CA Inter

5K+

27-Nov-20

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