Math, asked by paraniakash, 3 months ago

д A
3. Find the rate at which 4,000 will give
3630.50 as compound interest in 1 year,
if interest is compounded quarterly.​

Answers

Answered by SMD2004
0

Given

Principal P = 4000, n = 1 year.

Given that the interest compounded quarterly, Compound Interest

CI = 630.50

R = 14.8%.

Therefore the Rate = 14.8%

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