If ₹12000 taken for 2 years at 4% per annum compounded quarterly, then time period and rate is

If ₹12000 taken for 2 years at 4% per annum compounded quarterly, then time period and rate is

1 thought on “If ₹12000 taken for 2 years at 4% per annum compounded quarterly, then time period and rate is<br /><br />”

  1. 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

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