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Please explain the steps for question no. 111

Maths & Stats

Process

Roshan Zameer

ACCA Professional

★ 24K+

19-Nov-20 23:15

289

Answers (3)

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

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.)

Shanmughamani S

CA Final

★ 16K+

20-Nov-20 07:34

Thank you

Rithika Selvam

CA Inter

★ 5K+

27-Nov-20 12:48

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