Question

Calculate the amount on P= Rs.
1,60,000, R= 8% p.a. compounded
quarterly and T= 1year
O NONE
O 189941
0 14891
O 194881​

Answer 1

Step-by-step explanation:

P¹= 1,60,000

R= 8% = 8÷4%per quarter= 2%p.q

T= 1 year= 1 × 4 quarter= 4 quarters

A= 160000(1+2/100)⁴

160000(1+1/50)⁴

160000(51/50)⁴

160000×51/50×51/50×51/50×51/50~=173189.15

thus, A= 1,73,189.15