Math, asked by sunov6861, 1 month ago

under a scheme investment the rate of interest is 4% and the interest compounded three monthly. what will be the amount if a man invests 2000 rupees in 1 year

Answers

Answered by harikaran9788
0

Step-by-step explanation:

4% = 1/25

25 part is principle ,1 part interest .so, 26 part is amount ,

time duration 1 year , compounded quarterly= 3 months

principle amount

25⁴ 26⁴

390620 456976

390620 = 2000

456976 = x

apply cross multiplication method,

x = 2,339.74

amount = 2339.74 ₹

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