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Sliva [168]
3 years ago
5

You are scheduled to receive Rs. 15,000 in two years. When you receive it, you will invest it for six more years at 8 percent pe

r year. How much will you have in eight years?
Business
1 answer:
Eddi Din [679]3 years ago
5 0

Answer:

Amount after 8 years is Rs. 23803.12

Explanation:

The amount received in two years = Rs 15000

It is given that the amount received in two years is invested for six years that earns the interest rate of 8% per year. Now, we have to find the total amount after eight years. Here, in the first two years, there is no interest rate earned. So only six years will be used to count the interest rate.

Amount after 8 years = Present value (1 + r)^n

Amount after 8 years = 15000 (1 + 8%)^6

Amount after 8 years = 15000 (1 + 0.08)^6

Amount after 8 years = 23803.12

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Saving will attract lower interest rates, sometimes below the inflation rate. Banks offer lower rates on saving and charges a higher interest rate to borrowers to make profits. Because saving offer lower returns, they are suitable for short-term periods. Savings are relatively safer than investment.

Investments offer higher returns but have a higher risk. Due to their price volatility, investments are suited for the long-term to safeguard against price fluctuations.

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Explanation:

the list of specific ways through which Mr. MB can establish the work environment which can motivate the employee in his gym are as follows;

Mr. MB can emphasize on the importance of creating effective work environment that motivate employees to work properly.

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