Financial lyte byte #1

Inflation grows faster than the interest so ₹100000 today is better than ₹181,056.63 in 2020

In other words it'll give u purchase power of buying of only ₹55231.34 ; 

(calculate )

Computational Notes:The reduced amount is computed using the standard present value formula:

      Reduced amount = amount/(1 + inflation rate)^number years

The required amount is computed using the standard future value formula:

      Required amount = amount * (1 + inflation rate)^number years