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Time value of money

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

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Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

06-Aug-20

47

Answers (3)

Sorry Icai answer 1yr 7 months


Thread Starter

Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

06-Aug-20

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.


Suraj Lakhotia

Suraj Lakhotia

Admin

07-Aug-20

Thanks


Thread Starter

Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

07-Aug-20

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