If ₹12000 taken for 2 years at 4% per annum compounded quarterly, then time period and rate is About the author Evelyn
Step-by-step explanation: amount = principal (1+r/100)time amount= 12000(1+4/100)2 A= 12000( 104/100 * 104/100 ) A= 12979.2 CI = amount – principal CI= 12979.2 – 12000 CI= 979.2 Reply
Step-by-step explanation:
amount = principal (1+r/100)time
amount= 12000(1+4/100)2
A= 12000( 104/100 * 104/100 )
A= 12979.2
CI = amount – principal
CI= 12979.2 – 12000
CI= 979.2