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?
Answers
Answered by
16
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
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