Question

Q16: Find the accumulated value of £1000 at the end of 15 years if the effective rate of interest is 5% per quarter.​

Answer 1

Answer:P = Rs 50,000  

R = 3.5%  

T = 3 years  

SI = (P × R ×T) / 100 = (50,000× 3.5 ×3) / 100 = Rs 5250

Step-by-step explanation: