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A sum of Rs.3,200 invested at 10% p.a. compounded quarterly amounts to Rs.3,362 compute the time period.

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A sum of Rs.3,200 invested at 10% p.a. compounded quarterly amounts to Rs.3,362 compute the time period.
1). $\frac{1}{2}$ years
2). 1 years
3). 2 years
4). $\frac{3}{4}$ years

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2 answers

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Answered by on | Votes 0 |
is option 1 is the correct answer am i right

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Answered by on | Votes 0 |

Here is the right answer

A = P$1+\frac{R}{100} ^{T}$

4t = 2

t =$\frac{1}{2}$ YEARS




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