Question

A sum of 2,000 is invested for 1 year at the rate of 10% per annum. Find
the amount, if the interest is compounded quarterly.

please answer fast ..

emergency


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Answer 1

Answer:

Time=(2*12)/4=6

Amount= 2000*6+(6(6+1))/2*12*(10/100)

=12000.175

Answer 2

Step-by-step explanation:

Time = 4 quarters

Amount = 2000×6+6(6+1)/2×12×(10/100)

Amount = 12000.175

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