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Please explain the steps for question no. 111

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Roshan Zameer

Roshan Zameer

CMA Inter

7K+

19-Nov-20 23:15

12

Answers (3)

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


Sriram Somayajula

Sriram Somayajula

Admin

20-Nov-20 07:27

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


Sakthivel Sakthivel

Sakthivel Sakthivel

CA Foundation

8K+

20-Nov-20 07:34

Thank you


Rithika Selvam

Rithika Selvam

CA Inter

4K+

27-Nov-20 12:48

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