Question

find the amount to be paid at the end of the year on ₹1800 at 8% per annually compounded quarterly ​

Answer 1

Answer:

Formula A⇒p(1+

n

x

)

nt

Given p=1800

r=8% annum

n=4

t=1yr

A⇒1800(1+

4

8%

)

4×1

⇒1800(1+2%)

4

⇒1800(1+0.02)

⇒1948.377

∴ Amount =1948.377.