alleryStart learning →Rs 20,000 at 8% a year compounded quarterly for 6 months amounts to?
ARs 20,400
BRs 20,816
CRs 20,800
DRs 20,808
Answer & Solution
Correct answer: D. Rs 20,808
Quarterly rate is 2 per cent, so 20000 x 1.02 x 1.02 = 20,808.
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