Question
Two friends received a bonus of ₹3,000 each in their
bank accounts. They already have ₹47,000 and ₹57,000 in their respective bank accounts. The ratio of the amounts in their respective accounts will be:Solution
Two friends already have money =47000 and 57000 After receiving a 3000 bonus= 50000 and 60000. The ratio of the amounts in the ir respective accounts=50000:60000 =5:6
The Future Value of an Annuity is equal to the future value of the sum of individual cash flows.
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