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QUIZTest your understanding - Calculating the Time Value of Money
Choose the correct answer
1.
Future value and present value use the same compound interest formula with variation
a.
b.
2.
If you invested ₹500 as SIP each month with 8% interest rate, the final amount after 8 years will be
a.
b.
3.
The present value of ₹5 lakh received after 6 years, with 9% as inflation, is
a.
b.
c.
d.
4.
Systematic Investment Plans or SIPs work on the compound interest formula
a.
b.
5.
If you invested ₹20 lakh in an equity mutual fund growth plan, what will be the final amount you will receive after 15 years if the plan gave an average return of 14%
a.
b.
c.
d.
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