CUET Mathematics - Let us consider an annuity whose periodic payment is Rs. R payable at the end of each payment period for 'n' periods, interest paid r% per period or i = r/100, so the amount of obligation can be given as _______. | PYQs + Solutions

CUET Mathematics 2023 23 May Shift 3

Applied Mathematics

Easy

$A = R\left[\frac{(1+i)^n - 1}{i}\right]$

$A = R\left[\frac{(1-i)^n - 1}{i}\right]$

$A = R\left[\frac{(1+i)^n}{i} - 1\right]$

$A = R\left[i^{n-1} - 1\right]$

✅ Correct Option: 1

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CUET Mathematics 2023 23 May Shift 3 PYQs

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