Some money is lent for one year at 12% per year compound interest. If the interest is payable quarterly, then what will be the rate of interest per quarter?
Answers
Answer:
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how do I get the job I want and 6date to do that the way I do it and then how do I get the job I want and 6date to do that the way I do it and then do it myself because she wa and date of birth I have to go back exercise every week to make it happen it myself because she wa and date of birth I havhow how do I get the job I want and 6date to do that the way I do it and then do it myself because she wa and date of birth I
how do I get the job I want and 6date to do that the way I do it and then how do I get the job I want and 6date to do that the way I do it and then do it myself because she wa and date of birth I have to go back exercise every week to make it happen it myself because she wa and date of birth I havhow how do I get the job I want and 6date to do that the way I do it and then do it myself because she wa and date of birth I
how do I get the job I want and 6date to do that the way I do it and then how do I get the job I want and 6date to do that the way I do it and then do it myself because she wa and date of birth I have to go
Step-by-step explanation:
Let the sum of money lent out be Rs. x
In the Ist case:
A
1
=Rsx(1+
100
20
)
2
=Rs
25
36x
∴A=P(1+
100
r
)
n
In the 2nd case:
A
2
=Rsx(1+
2×100
20
)
2×2
=Rs.
10000
14641x
∵A=P(1+
2×100
r
)
n×2
According to the question-
⇒
10000
14641x
−
25
36x
=482
⇒
10000
14641x−14400x
=482
⇒241x=4820000
⇒x=20000
∴ The sum of money lent out =Rs.20,000