Question

16000 at 20%pa in 1year will amount. if the interest is calculated quaterly​

Answer 1

I think I will answer ur question

Answer 2

given.
principal= 16000
rate= 20% and if quarterly it will become 20/4= 5%
time=1*4= 4 years
amount=
$p(1 + \frac{r}{100}) ^{4}$
$16000(1 + \frac{5}{100}) ^{4}$
= 19448.1
hope it helps....