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# Business Matematics and Statistics (MTH 302)........Gdb no 1 ( Start date : 13 may 2016........End date : 19 may 2016)........Marks : 5

Q1. If the basic salary of an employee is Rs. 25000, then

1. What is the total saving per month of the employee on account of gratuity fund?
2. What is the amount of allowances of house rent = 45%, conveyance allowance = 2.5% and utilities allowance = 2.5%?

Q2. Payments of Rs. 15000 are being made at the end of each month for 6 years at an interest rate of 8% compounded monthly? Calculate the Present Value.

Opening Date of Graded Discussion Board:

Friday, May 13, 2016 at 12:01 a.m.

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Thursday, May 19, 2016 at 11:59 p.m.

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### Replies to This Discussion

2nd wala question kasa kara g

values  to di hoyi hain  2nd question ki ...unhi k zariye hal hoo ga

Friends share your thoughts and ideas for this Gdb

2nd wala question sae solve kar ka batay

lucky zafar ....gud.....thanks for sharing

zafar but we must find out the present value...where is it??

plz all students  find  the present value??

Anyone done this ?

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions.

please koi bta dey k present value kaisay find karen gy ? question no 2 mn

a. By law, 1/11th of Basic Salary per month is contributed by the company to the gratuity fund to the account of the employee thus there is a saving of 1/11th of basic salary on the behalf of the employee in gratuity fund.

Total savings to the employee in Gratuity Fund=(1/11)*25000=2272.73 Rs.

b.

Amount of House Rent Allowance= 25000*45%=11250 Rs.

Amount of Conveyance Allowance=25000*2.5%=625 Rs.

Amount of Utilities Allowance=25000*2.5%=625 Rs

Given that

Cash flow per period= C =Rs.15000 per month

Interest Rate= i = 8%/12 =0.08/12= 0.00667

Present Value= PV= ?

We know that

PV=C*[{1-(1+i)^(-n)}/i]

PV=15000*[{1-(1+0.00667)^(-72)}/0.00667]

PV=15000*[{1-(1.00667)^(-72)}/0.00667]

PV=15000*[{1-0.61977}/0.00667]

PV=15000*[0.38023/0.00667]

PV=15000*[57.006]

PV=855090.287 Rs.

actual solution he upload kr do yr

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