a sum of Rs 18800 is invested at 20 % per annum compounded quarterly . what is the amount after 6 months
can answer this plz .?
Answers
Answered by
13
Answer:
₹20727
Step-by-step explanation:
Principal (P) = ₹18800
Rate (R) = (20÷4) % = 5%
Time (n) = 6 months = (1/2 × 4) years = 2 years
Amount (A) = P (1 + R/100)ⁿ
=> A = 18800 (1 + 5/100)²
=> A = 18800 (21/20)²
=> A = ₹20727
Answered by
4
20,727
is the Answer hope it helps
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