5.4 Ram wants to invest some money so that he can earn 20,000 rupees per year for the next 10 years with r=10% compounded annually. Find out current invest made by Ram.
5.4 Ram wants to invest some money so that he can earn 20,000 rupees per year for the next 10 years with r=10% compounded annually. Find out current invest made by Ram.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:5.4
Ram wants to invest some money so that he can earn
20,000 rupees per year for the next 10 years with r=10%
compounded annually. Find out current invest made by
Ram.
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