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Time value of money

Maths & Stats

Ex 4 b q 7 The equation p(1.06)Â³ - p Why is p subtracted in the equation

Parikshit Rathod

CA Foundation

★ 710

30-Aug-20 20:52

383

Answers (3)

Sorry the equation is P(1.06)Â³ - p

Thread Starter

Parikshit Rathod

CA Foundation

★ 710

30-Aug-20 20:53

Amount - Principle (P) = Interest thus principle is subtracted

Sudha Reddy

CA Final

★ 20K+

31-Aug-20 09:53

Thread Starter

Parikshit Rathod

CA Foundation

★ 710

31-Aug-20 12:58

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