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Time value of money

Maths & Stats

I got answer 1yr 6months and icai answer 1yr 1months See where did I do wrong

Prasanth kumar Kamisetty

CA Inter

★ 12K+

06-Aug-20 20:18

314

Answers (3)

Sorry Icai answer 1yr 7 months

Thread Starter

Prasanth kumar Kamisetty

CA Inter

★ 12K+

06-Aug-20 20:19

You got 1.6 years. 1.6 years is not 1 year and 6 months. 1 year + 0.6 x 12 = 1 year and 7.2 months.

CA Suraj Lakhotia

Admin

07-Aug-20 06:33

Thanks

Thread Starter

Prasanth kumar Kamisetty

CA Inter

★ 12K+

07-Aug-20 07:59

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