Find the amount and interest earned on 22,500 for
1 year at 12% per annum, compounded quarterly
Answers
Answered by
1
Step-by-step explanation:
Given, P=125000,
As compounded quarterly R=
4
8
=2%
Time =9 months=
12
9
years =
12
9
×4quarters =3 quarters
We know, Amount =A=(1+
100
R
)
n
A=125000[
1+(
100
2
)
]
3
= Rs. 132651
C.I = Rs. [
132651−125000
]= Rs. 7651
Answered by
0
Answer:
Mesopotamian Civilization, Answer in detail first answer
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