Question

16000 at 20% p. a. for 1 year compounded quarterly.
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Answer 1

Answer:

we can find ci for one year that is 16000×20 ×1 /100 then our si =3200 and then amount be 16000+3200 =19200 now amount for second year =19200×1×20/100=3940 then we find answer 7140

Answer 2

ans . therefore the compound intreast when compounded quaterly will be rs. 3448.1