Dheerubhai borrowed from district cooperative bank a sum of 2000 ruppes to install a handpump in his diary. if the rate of interest is 8% per annum , calculate the compound interest that dheerubhai pays to the bank after 3/2 years. the interest is compounded quarterly
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6
Answer:
Amount after I l/2yrs(Qly)
A = 2000x(1,02) ^6
= Rs2252
He should pay Rs2252 at the end
of 1 and 1/2 yrs towards Loan
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4
Answer:
there is ur answer.......
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