Hey guys
Please help
A sum of Rs 2000 is invested
for at the rate of 10%
per annum find the
ammount if the interest is
compounded quartely
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Answer:
ANSWER
For monthly compounding
n=12×2=24,i=0.1/12=0.00833
A
24
=2000(1+0.00833)
24
=2,000×1.22029
=Rs.2,440.58
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