a sum of Rs 2600 invested at 10% per annum compounded quarterly 2665 calculate the time period
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Answer:
3 months
Step-by-step explanation:
Investment = Rs 2600
Interest rate= 10% compounded quarterly
Sum= Rs 2665
Quarterly interest= Rs 2600*(1/4*10/100)=65
This gives us the sum of Rs 2600+ Rs 65=Rs 2665
So time period is 1 quarter or 3 months
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Answer:
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