Business Studies, asked by sanasikandar111, 6 months ago

A firm will need Rs.300,000 at the end of 3 years to repay a loan. The firm decided that it would

deposit Rs.20,000 at the start of each quarter during these 3 years into an account. The account

would yield 12 percent per annum compounded quarterly during the first year. What rate of interest

should it earn in the remaining 2 years to accumulate enough amount in this account to pay the

loan at the end of 3 years?

Answers

Answered by nainachaudhary7l6

0

Answer:

can't understand ..............

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