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Manu took a loan of rs. 32000 for 1 year at 20%per annum compounded quarterly. how much he had to pay..
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Answers
Answered by
15
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
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
Answered by
7
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