A sum of Rs.3,200 invested at 10% p.a. compounded quarterly amounts to Rs.3,362 compute the time period.1). $\frac{1}{2}$ years2). 1 years3). 2 years4). $\frac{3}{4}$ years
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Here is the right answer
A = P$1+\frac{R}{100} ^{T}$
4t = 2
t =$\frac{1}{2}$ YEARS
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