What will a sum of Rs.75,000 amount to when invested at 8% p.a. compounded quarterly for a period of six month
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Reffer above the attachment
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Answer:
Sum = Rs.75,000
Time = 6 months = 1/2 year
Rate = 8%
Step-by-step explanation:
7500 ( 1 + R4/100) 4t
7500 ( 1 + 8/400) 4× 1/2
7500 ( 1 + 1/50)2
7500 × 51/50 × 51/50
7500 × 51 × 51 = Rs. 7803
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