Question

Arun took a loan of 390625 from Kuber Finance. If the company charges interest at 16%
per annum, compounded quarterly, what amount will discharge his debt after one year?​

Answer 1

$\huge{\fbox{\pink{Answer:-}}}$

Rate =16% per annum

=8% per half-year =4 per quarter year

Time =1 year =2 half year

=4 quarter years

Amount =P(1+

100

R

)

n

=390625(1+

100

4

)

4

= Rs. 456976

CI = Amount - Principal

=456976−390625

=Rs.66351

Answer 2

Step-by-step explanation:

Rate =16% per annum

=8% per half-year

=4 per quarter year

Time =1 year

=2 half year

=4 quarter years

Amount =P(1+ 100R) n

=390625(1+ 100×4)4

= 390625 × 401 × 4

= Rs. 456976

CI = Amount - Principal

=456976−390625

=Rs.66351

HOPE IT HELPS....PLEASE MARK BRAINLIST