A sum of 3200 invested at 10% per annum compound ed quarterly amount to 3362 compute the time period?
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3
Answer:
so 1/2 years is your correct answer
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Answer:
given, p = RS -3200
R =10% per annum =10% quarterly
4
T =?
3362=3200 (1+10)
400
=> 3360 = (410)
3200 400
=> 1681 = (41)
1600= (40)
on comparing both sides, we
(41) = (41)
(40) = (40)
=> n = 2
=> T = 2 quarter year
=> T= 2×6 = months ( 1 quarter year)
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