Question

Principal Rate Compounded $7500 0.4% quarterly Time 3 years

A. the ammount of money in the account after 3 years?
​

Answer 1

It is medium answer and easy to understand....

Explanation:

Given that,

Principle = ₹7500, R= 4%, N= 2 years

We know that,

A=P(1+R/100) n

∴ Amount= [₹7500x{1+(4/100)}2] = ₹812

Compound Interest= (₹812-₹7500)

= ₹612

I think this will definitely help you...........