Question

9. A sum of 80,000 is invested at 40% p.a. compounded quarterly for 1 year. Find the amount at the end of 1 year. ​

Answer 1

Answer:

1st quarter- 80000*10%=8000/-

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Answer 2

Answer:

Step-by-step explanation:

Given:

• Principle = 80,000

• Rate of interest = 40%

• Time = 1 yrs

• Compounded Quarterly

To Find:

• Amount

Equation used:

$\boxed{Amt = p(1+i)^n}$

Solution:

$Amt = 80,000(1 + 0.1)^4$

$Amt = 80,000(1.1)^4$

$Amt = 80,000(1.4641)$

$\boxed{Amt = 1,17,128}$

Final answer:

1,17,128