With continuous compounding of at 10% for 30 years, the future value of an initial investment of Rs 2000 is closest to;
a)34898
b)40171
c)164500
d)328282
rs2000*17.449=34898
12 Replies
shilpi
(student)
(780 Points)
Replied 27 March 2017
What is continuous compounding?Is it Daily compounding?
Suresh Pai S
(Tax Consultant)
(1029 Points)
Replied 27 March 2017
@ Shilpi. That's nice. Same doubt here. And the answer by ICAI is option no (b).
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 28 March 2017
thing which i have to learn it sems
=2000*2.7183^(10%*30)=40172
shilpi
(student)
(780 Points)
Replied 28 March 2017
@ Narender Kumar ..What is continuous compounding?
Suresh Pai S
(Tax Consultant)
(1029 Points)
Replied 28 March 2017
What is the meaning of continuous or constant?
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