Mr X deposits Rs. 1,00,000 in a Bank when he retires. The Bank pays annual 10% interest semiannually. How much can he withdraw annually for a period of 10 years? Assume that at the end of 10 years, amount deposited will whittle down to zero. need final answer in 10 min(no need to upload calculation) plz be quick
Mr X deposits Rs. 1,00,000 in a Bank when he retires. The Bank pays
annual 10% interest semiannually. How much can he withdraw annually for a period of 10 years? Assume that at the end of 10 years, amount deposited will whittle down to zero.
need final answer in 10 min(no need to upload calculation)
plz be quick
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The post Mr X deposits Rs. 1,00,000 in a Bank when he retires. The Bank pays annual 10% interest semiannually. How much can he withdraw annually for a period of 10 years? Assume that at the end of 10 years, amount deposited will whittle down to zero. need final answer in 10 min(no need to upload calculation) plz be quick appeared first on Superb Professors.
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