Question

how much would a sum of Rs 20,000 amounts at 16% for 9 months if the interest is being compounded quarterly​

Answer 1

Step-by-step explanation:

Principal = ₹16000

Time = 9 months = 3 quarters

Rate = 20% per annum = 5% quarter

Amount = ₹ [ 16000×(1+5/100)3 ]

=₹ 18522

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Answer 2

Answer:

The population of a city is growing at the rate of 5% per annum . If the present population is 38500. then what will be it's population after 2 year.