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Time value of money

Ex 4 b q 7 The equation p(1.06)³ - p Why is p subtracted in the equation


Parikshit Rathod

Parikshit Rathod

CA Foundation

710

30-Aug-20 20:52

42

Answers (3)

Sorry the equation is P(1.06)³ - p


Parikshit Rathod

Parikshit Rathod

CA Foundation

710

30-Aug-20 20:53

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


sudha reddy

sudha reddy

Moderator

31-Aug-20 09:53

Ok


Parikshit Rathod

Parikshit Rathod

CA Foundation

710

31-Aug-20 12:58

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