Question

a sum is taken for one year at 16% per annum. if the interest is charged after every three months the rhe rate will be​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

Say the amount borrowed is Rs.100 on 1 January 2018. Compounded at 16% per quarter (every 3 months), we have:

Say the amount borrowed is Rs.100 on 1 January 2018. Compounded at 16% per quarter (every 3 months), we have:On 1 April 2018

Say the amount borrowed is Rs.100 on 1 January 2018. Compounded at 16% per quarter (every 3 months), we have:On 1 April 2018100 + (100* 16/100*3/12) = 104

Say the amount borrowed is Rs.100 on 1 January 2018. Compounded at 16% per quarter (every 3 months), we have:On 1 April 2018100 + (100* 16/100*3/12) = 104On 1 July 2018

Say the amount borrowed is Rs.100 on 1 January 2018. Compounded at 16% per quarter (every 3 months), we have:On 1 April 2018100 + (100* 16/100*3/12) = 104On 1 July 2018104 + (104*16/100*3/12) = 108.16

Say the amount borrowed is Rs.100 on 1 January 2018. Compounded at 16% per quarter (every 3 months), we have:On 1 April 2018100 + (100* 16/100*3/12) = 104On 1 July 2018104 + (104*16/100*3/12) = 108.16On 1 October 2018

Say the amount borrowed is Rs.100 on 1 January 2018. Compounded at 16% per quarter (every 3 months), we have:On 1 April 2018100 + (100* 16/100*3/12) = 104On 1 July 2018104 + (104*16/100*3/12) = 108.16On 1 October 2018108.16 + (108.16*16/100*3/12) = 112.49

Say the amount borrowed is Rs.100 on 1 January 2018. Compounded at 16% per quarter (every 3 months), we have:On 1 April 2018100 + (100* 16/100*3/12) = 104On 1 July 2018104 + (104*16/100*3/12) = 108.16On 1 October 2018108.16 + (108.16*16/100*3/12) = 112.49On 1 January 2019

Say the amount borrowed is Rs.100 on 1 January 2018. Compounded at 16% per quarter (every 3 months), we have:On 1 April 2018100 + (100* 16/100*3/12) = 104On 1 July 2018104 + (104*16/100*3/12) = 108.16On 1 October 2018108.16 + (108.16*16/100*3/12) = 112.49On 1 January 2019112.49 + (112.49*16/100*3/12) = 116.99

Say the amount borrowed is Rs.100 on 1 January 2018. Compounded at 16% per quarter (every 3 months), we have:On 1 April 2018100 + (100* 16/100*3/12) = 104On 1 July 2018104 + (104*16/100*3/12) = 108.16On 1 October 2018108.16 + (108.16*16/100*3/12) = 112.49On 1 January 2019112.49 + (112.49*16/100*3/12) = 116.99The interest will be calculated for 4 times in a year on the mentioned dates, with the effective rate coming at around 17%.

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