a sum of Rs 18800 is invested at 20 % per annum compounded quarterly . what is the amount after 6 months
can answer this plz .?
can answer this plz .?
Add an Answer
More Questions From This User See All
Copyright © 2024 EHUB.TIPS team's - All rights reserved.
Answers & Comments
Answer:
₹20727
Step-by-step explanation:
Principal (P) = ₹18800
Rate (R) = (20÷4) % = 5%
Time (n) = 6 months = (1/2 × 4) years = 2 years
Amount (A) = P (1 + R/100)ⁿ
=> A = 18800 (1 + 5/100)²
=> A = 18800 (21/20)²
=> A = ₹20727
20,727
is the Answer hope it helps