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What is the future value of Rs. 18000 compounded quarterly for 2 years, if ROI be 8percent? (Round off the answer to the nearest hundred) |
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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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