Find the amount to be paid

2.    At the end of 1 year on Rs. 1800 at 8% per annum compounded quarterly.

Answers (1)
S Sayak

\\A_{n}=P_{1}(1+\frac{R}{100})^{n}\\ P_{1}=Rs\ 1800\\ n=4\\ R=\frac{8}{4}=2\ percent\ per\ quarter\ year\\ A_{4}=1800\times (1+\frac{2}{100})^4\\ A_{4}=Rs\ 1948.37\\

The Amount to be paid at the end of 4 years is Rs 1948.37

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