Question

Raman took a loan of * 1,30,000 from a finance
company at the rate of 10% p.a. for 15 months to
purchase a motorcycle. How much amount will he pay
if the interest is calculated compounded quarterly?​

Answer 1

Answer:

1,47,083.0676757813

Step-by-step explanation:

PRINCIPLE=130000

RATE%=10%

TIME=15/12

        =5/4

WE KNOW,

A=P(1+R/400)^4N

  =130000(1+10/400)^4*5/4

  =130000(41/40)^5

  =(130000*41*41*41*41*41)/40*40*40*40*40

  =(13*11,58,56,201)4*4*4*4*40

  =1,50,61,30,613/10240

  =₹1,47,083.0676757813

HOPE YOU UNDERSTOOD