Mathematics for FinancePYQ Jun 19Question 1194 of 479
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If P=P2,96\displaystyle P = P 2,96, and R=8%\displaystyle R = 8\% compounded annually then P=\displaystyle P =

Options

AP14,000\displaystyle P 14,000
BP15,000\displaystyle P 15,000
CP16,000\displaystyle P 16,000
DP17,000\displaystyle P 17,000
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Correct Answer

Option dP17,000\displaystyle P 17,000

All Options:

  • AP14,000\displaystyle P 14,000
  • BP15,000\displaystyle P 15,000
  • CP16,000\displaystyle P 16,000
  • DP17,000\displaystyle P 17,000

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