Question

Find the compound interest on 1 60 000 for one year at the rate of 20% per annum, if the
interest is compounded quarterly.​

Answer 1

Step-by-step explanation:

Answer: B) 2522

Explanation:

Principal = Rs. 16000; Time = 9 months =3 quarters;

Rate = 20% per annum = 5% per quarter.

Amount = Rs. [16000 x (1+(5/100))3] = Rs. 18522.

CJ. = Rs. (18522 - 16000) = Rs. 2522

Answer 2

Answer:

kindly refer to the attachment

I hope it's helpful to you.