Math, asked by arjunwadalkar299, 4 months ago

find the compound interest on ₹6000 for year at a rate of 4% p.a. if the interest is compounded quarterly

Answers

Answered by sunnaali

0

Answer:

Given that

P = ₹6,000

R = 4%p.a.

T = 2 years

Solution

When the interest is compounded quarterly

T = 4n

= 4 × 2

= 8 quarters

R = R/4

= 4/4 % per quarterly

= 1% per quarterly

Thanks

Step-by-step explanation:

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