Find the amount(approximately) of an annuity immediate of Rs 2000 per annum for 20 years. The rate of interest is $\frac{27}{2}$ % per annum.

171703

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19000

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21345

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43251

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Solution

The correct option is A 171703
$n = 20, r = (27 / 2) %, P = R s .2000$
$A = P (1 + \frac{r}{100})^{n}$
$⟹ A = 2000 [(1 + \frac{(27 / 2)}{100})^{20}$ $+ (1 + \frac{(27 / 2)}{100})^{19} . . . . . .$ $+ (1 + \frac{(27 / 2)}{100})^{1}] A = 2000 \times 85.85 A = R s .171700 \approx 171703$

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Find the amount(approximately) of an annuity immediate of Rs 2000 per annum for 20 years. The rate of interest is 272 % per annum.

The correct option is A 171703n=20,r=(27/2)%,P=Rs.2000A=P(1+r100)n⟹A=2000[(1+(27/2)100)20+(1+(27/2)100)19......+(1+(27/2)100)1]A=2000×85.85A=Rs.171700≈171703

Find the amount(approximately) of an annuity immediate of Rs 2000 per annum for 20 years. The rate of interest is $\frac{27}{2}$ % per annum.

The correct option is A 171703
$n = 20, r = (27 / 2) %, P = R s .2000$
$A = P (1 + \frac{r}{100})^{n}$
$⟹ A = 2000 [(1 + \frac{(27 / 2)}{100})^{20}$ $+ (1 + \frac{(27 / 2)}{100})^{19} . . . . . .$ $+ (1 + \frac{(27 / 2)}{100})^{1}] A = 2000 \times 85.85 A = R s .171700 \approx 171703$