Question

heya!! guys


having a dobut!!

Manu took a loan of rs. 32000 for 1 year at 20%per annum compounded quarterly. how much he had to pay..

no spams

Answer 1

principal = ₹32000


time = 1yr = 12/ 3 = 4 quarter


rate = 20 ÷ 4 = 5% per quarter


amount = p ( 1 + r/100)^t


amount= 32000 ( 1 + (5/ 100) ]^4


=32000×(21/20)×21/20)×(21/20) × (21/20)


= ₹38896.2

Answer:
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total amount he had to pay after 1 year = ₹38896.2

Answer 2

hope it helps..........

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