Math, asked by ajayyadavroxx90, 6 months ago

What is the future value of Rs. 18000 compounded quarterly for 2 years, if ROI be 8

percent? (Round off the answer to the nearest hundred)​

Answers

Answered by asahilthakur
0

Answer:

Rs.19880.75

Step-by-step explanation:

A = P (1 + R/100)ⁿ

Given,

Principal = Rs.18000

Time = 2 years

Rate = 5% p.a.

=> A = 18000 (1 + 5/400)⁸

=> A = 18000 (81/80)⁸

=> A = Rs.19880.75

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