heena let out 400000 for one yrs at 16/pa compounded aanualy how much intrust earn if compounded quarterly
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a=p(1+r/400)^4
a=400000(1+16/400)^4
a=400000(416/400)^4
a=400000(208/200)^4
a=400000*104*104*104*104/(100)^4
a=467943.424
ci=67943.424
a=400000(1+16/400)^4
a=400000(416/400)^4
a=400000(208/200)^4
a=400000*104*104*104*104/(100)^4
a=467943.424
ci=67943.424
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