7. How much would a sum of 16,000 amount to in one year at 20% per ann – InterviewSolution

1.

7. How much would a sum of 16,000 amount to in one year at 20% per annum if the interestinterest is calculated quarterly.compounded quarterly?1The bank sharges 1207

Answer»

Answer:

RATE = 20% per annum = 5% per QUARTER. AMOUNT = Rs. [16000 x (1+(5/100))3] = Rs. 18522.

Discussion

No Comment Found

Related InterviewSolutions

What is Rational Numbers ??Where are you Bunny ?? What happen Any Problem Bro ಠ︵ಠ
Observe the following table and find x is directly proportional
What is Rational Numbers ?Answer if ur boy ? Answer if ur Ashrith Im serious
ABCD is a parallelogram if the ratio sides 3,:2and perimeter is 120 m the find the length of the sides of the parallelogram
6. Find the area of the following polygohABCDEF where AP = 2 cm, AQ = 4 cm,AR = 6 cm, AD = 10 cm, AS = 8 cm, andBP, FQ, CR and ES are perpendiculars todiagonal AD
5y+10=4y-10 then what is the answer
*5. How do the prashastis written by Harisena and Ravikirti throw light on the history of theGuptas and Harshavardhana?
The product of two number is 27 /2 .If one number is 23/5,find the other. with solution
Evalute the expression given below for ( m = - 2 ) & ( n = 6 ) 3m³ + 2m²n + n³
Evalute the expression given below for ( m = - 2 ) & ( n = 6 )m² - n²