60000*1.04^4
60000*1.04^6
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
6 answers
ooops. Do you see my mistake?
It should be 1.03
@oobleck . Kindly reply
Looks like oobleck is not on line, but
yes you are right, it should have been
60000*1.03^6
yes you are right, it should have been
60000*1.03^6
Yes 12/4 = 3
1 answer