Mr. Zaman is planning to buy a television after two years time from now. He expects that after two years he will need Tk. 12,100 to buy the television. How much money does Mr. Zaman need to invest now at 10% interest rate compounded annually?

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Accepted Answer

সঠিক উত্তর: । ব্যাখ্যা: Compounded Amount $= P(1+r)^n$. Given Amount $= 12,100$, $n=2$ years, $r=10\%$ or $0.10$. $\therefore 12,100 = P(1+0.10)^2 \Rightarrow P = \frac{12,100}{(1.10)^2} = \frac{12,100}{1.21} = 10,000$.