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niraj kumar

· started a discussion

· 1 Months ago

wrong explanation (Question: 191155.0 )

if interset is calculated quaterly then time has to multiple of 4 and rate has to be divided by 4...here latter is done but not former
so answer should be 8 months

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

Dear Student,

We have inserted the alternative solution, please check it carefully, 06 months is the correct answer.

Keep Learning with Us.
All the Best.
Team Toprankersa

K Risshi Yadav

· commented

· 1 Months ago

8 should be the answer

Swati Swati

· commented

· 1 Months ago

quarterly means sum will be compounded after every 3 months (12/4), thats why 2 will be multiplied by 3 not by 2
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