The answer is 24.4 degrees
Answer:
Rs 38,640
Step-by-step explanation:
<u>Pay attention:</u>

The principle (p) : Rs 42,000
Rate of interest (r) : 8%
Time (n) : 1 years
Exact Amount (a) : P(1-R/100)^n
Value:
A = 42,000(1 - 8/100)^1
A = 42,000(1 - 2/25)
A = (42,000 * 23)/25
A = 1,680 * 23
A = Rs 38,640
To find the future value of this investment the formula is
A=p (1+r/k)^kt
A future value?
P present value 1000
R interest rate 0.07
K compounded monthly 12
T time 2 years
A=1,000×(1+0.07÷12)^(12×2)
A=1,149.81