1. Mr.A has Rs. 1 lakh of savings just kept in cash in a safe. After 5 years of high inflation, the value of that sum will be

2. The value of money has reduced between 50 years ago and now because

3. A rupee earned 10 years ago can be compared with a rupee earned today by

Time value of money - future value (inflation)

watch this video to understand why grandpa's breakfast costed less than yours.

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  • Level - 6,3,8,6 BASIC

Time value of money is a useful concept with several applications. Learn how to look at yesterday's money for its value today.

AUTHOR(s):Uma Shashikant

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personal finance

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