Simple and compound interest

Aditya (IPCC) (74 Points)

31 May 2012  

I have a seemingly easy question but cant solve it

A=Rs 1200 n=12 years  i=5% Find the FV of annuity

 

Using the formula FV=a/(1+i) raised to n    -1

1)1258  2)2581  3)1528  4)None of these

 

Thanks in advance