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· started a discussion

· 1 Months ago

Quartly concept explain again............

Question:
A sum of 3200 invested at 10% per annum compounded quarterly amounts to 3362. Compute the time period. 
Options:
A) 2 months
B) 4 months 
C) 6 months 
D) 9 months
Solution:
Ans: (c)


Alt sol:


Knowledge Expert

· commented

· 1 Months ago

A = P(1+R/100)^T

3362/3200 = (1+10/400)^(4t)

So, t=1/2 years

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