Math, asked by kg1249861, 2 months ago

Mr. Joshi deposits ₹8000 at the end of every year for 5 years in a bank. the bank charges the rate as 8%p a., compounded quartely. Find the effective rate of interest p. a. also find the accumulated value​

Answers

Answered by pahle
5

\Large\bf\pink{answer\star}

43200

\Huge\mathfrak\blue{well, now\:let's\:do\:it\:step-by-step\star}

\large\bf\green{8000×5=40000}\\</p><p>\large\bf\green{we\: will\: use\:distributive \:property \:to\: make \:it \:easier}\\</p><p>\large\bf\red{10percent\:of\: 8000-2percent\: of \:8000=800-160=640}\\</p><p>\Large\bf\pink{Per \:annual\: interest =640}\\</p><p>\Large\bf\orange{5years=640×5=3200}\\</p><p>\large\bf\purple{total \:amount 40000+3200=43200}

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