A man saves Rs. 16000 at the end of each year and lends the money at 20% compound interest. How much will it become at the end of 9 months?
Answers
Answered by
1
Answer:
Rs 662.02 is the correct answer
Answered by
0
Answer:
18,344.50
Step-by-step explanation:
amount 16000
ammount = Principal (1+Rate/100)^time
a = 16000(1 + 20/100)^0.75
a = 18,344.50
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