if Sheena invests rupees 4500 at 5% annual interest, compounded quarterly, how much money will be in the account after 1 year.Make an answer in copy.
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here is answer dear friend
hope it helps you friends
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Step-by-step explanation:
Given
P = 4500
R = 5%
N = 1
A = P ( 1 + R/100) ¹
= 4500( 1 + 5 /100)¹
= 4500( 21/20) ¹
= 225 × 21
= 4725
so amount = 4725
Now = 4725 - 4500
= 225
I hope it will help you
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