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

Answers

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
There are no AI answers yet. The ability to request AI answers is coming soon!

Related Questions