If ₹12000 taken for 2 years at 4% per annum compounded quarterly, then time period and rate is. (a) n = 2, R = 16% (b) n = 4, R = 1 %(c) n = 8, R = 1%. (d) n = 8, R =
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Answer:
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Answered by
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Answer:
Given P=Rs.12,000,R=4% and n=2 years.
Using the formula,
A=P(1+
100
R
)
n
we get
A=12000(1+
100
4
)
2
=12000(
100
104
)
2
=12000(1.04)
2
=12,979.2.
Therefore,
C.I.=A−P=Rs.12,979.2−Rs.12,000=Rs.979.2.
Step-by-step explanation:
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