what should be the interest rate and duration for principle Rs. 500 fo

1.	what should be the interest rate and duration for principle Rs. 500 for 1 year at 12% compounded quarterly?
Answer» ong>Answer:P> R = 12% N = 1 year Step-by-step EXPLANATION: If you deposit $500 into an account paying 12% annual interest compounded quarterly , how much money will be in the account after 1 year? Result: The amount is $562.75 and the interest is $62.75. Explanation: STEP 1: To find amount we USE formula: A = TOTAL amount P = principal or amount of money deposited, r = annual interest rate n = number of times compounded per year t = time in years In this EXAMPLE we have After plugging the given information we have STEP 2: To find interest we use formula , since 562.75 P = we have: Plz mark me AS BRAINLIEST

what should be the interest rate and duration for principle Rs. 500 for 1 year at 12% compounded quarterly?

Answer»

ong>Answer:P>

R = 12% N = 1 year

Step-by-step EXPLANATION:

If you deposit $500 into an account paying 12% annual interest compounded quarterly , how much money will be in the account after 1 year?

Result:

The amount is $562.75 and the interest is $62.75.

Explanation:

STEP 1: To find amount we USE formula:

A = TOTAL amount

P = principal or amount of money deposited,

r = annual interest rate

n = number of times compounded per year

t = time in years

In this EXAMPLE we have

After plugging the given information we have

STEP 2: To find interest we use formula , since 562.75 P = we have:

Plz mark me AS BRAINLIEST

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