Re: jnu

Posted by anon_econ on May 08, 2012; 5:49am
URL: http://discussion-forum.276.s1.nabble.com/jnu-tp7463007p7537887.html

a.m, maybe u r right. this was precisely my doubt.
i had divided 55 by 1.055 bcoz i thought if i deposit Rs.x today i would get 5.5% interest after 6 months so the future value would be x(1.055). u r saying i would get x(1.11)^1/2, right? can u explain the logic behind it?