Practicing Success
Practicing Success
CUET Preparation Today
The annuity, whose periodic payment is ₹ R tor infinite periods interest rate being r% per period $\begin{pmatrix}i=\frac{r}{100}\end{pmatrix}$ and periodic payment is made at end of each payment period is given by the equation: |
$P=R+\frac{R}{i}$ $P=\frac{R}{i}$ P = R × i $P=R-\frac{R}{i}$ |
$P=\frac{R}{i}$ |
$P=\frac{R}{i}[1-(1+i)^{-n}]$ ∵ n = ∞ $∴ (1+i)^∞=0$ $∴P=\frac{R}{i}$ |
