Maths
Abhishek Kumar (student) (371 Points)
11 October 2013
given annuity of rs.100 amounts to rs.3137.25 at 4.5% p.a. C.I. The no. of years will be?
5 Replies
dhruv patel
(ca)
(75 Points)
Replied 12 October 2013
Its 20 years.....for caculation take calculater and 100+4.5%+100+4.5%+100+4.5% and now do the same untill you type 100 for 20 times (do on caculater only)
SHUBHAM GARG
(Student CA Final)
(122 Points)
Replied 14 October 2013
Apply the formulae for future value of annuity
3137.25 = 100x{(1.045)n-1}/.045
(1.045)n = 2.4117625.
Now multiply 1.045 as many times till you get 2.4117625. No of times you multiply is your answer i.e. 20 years.
Ahmed Malik
(55 Points)
Replied 25 June 2022
Its 20 years for caculation take calculater an and now do the same untill you type 100 for 20 times (do on caculater only)
jendi Hana
(4 Points)
Replied 20 October 2022
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