Asked by Kaur

a boy invested rs. 60,000 at an interest rate of 12% per annum compounded every 3 month. What amount would he get i)after 1 year? ii)after 1 and half year
Answered by oobleck
60000*1.04^4
60000*1.04^6
Answered by oobleck
ooops. Do you see my mistake?
Answered by Kaur
It should be 1.03
Answered by Kaur
@oobleck . Kindly reply
Answered by mathhelper
Looks like oobleck is not on line, but

yes you are right, it should have been
60000*1.03^6
Answered by Anonymous
Yes 12/4 = 3
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