Solve. . compound interest
Shubham kumar (.) (620 Points)
24 June 2014Shubham kumar (.) (620 Points)
24 June 2014
Rehaan
( CA Final)
(59 Points)
Replied 28 June 2014
I solved in this way;
Calculate annuity factor of 3% for balance no of years upto 30years. Add both the figure and multiply it with 18750/-. Resultant figure to be divided by 2 and share among them equally. Divide the shared figure by respective annuity factor of sons to get their share.