Math, asked by prabhatkumar956574, 8 months ago

7. How much would a sum of 16,000 amount to in one year at 20% per annum if the interest
interest is calculated quarterly.
compounded quarterly?
1
The bank sharges 1207

Answers

Answered by chestdharickp

3

Answer:

Rate = 20% per annum = 5% per quarter. Amount = Rs. [16000 x (1+(5/100))3] = Rs. 18522.

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