Question

• Ranu needs 1,97,018.63 after 1 years. How much money should she invest to get required money, if
interest is calculated compounded quarterly at the rate of 12% p.a.?​

Answer 1

Step-by-step explanation:

197018.63÷12=16418.2192

SO, SHE REQUIRE ₹16418.2192

BECAUSE 16418.2192×12

=197018.63

SO THE ANS IS ₹16418.2192