Question

if suresh made a deposit of AED 2700 on the first day of the tear and same amount again after every 4 months at the end of the year how much money will he get if the interest is compounded quarterly and the rate of interest is 7.5% per annum

Answer 1

48.048

Explanation:

multiply 77 time 0.60 since 60%in decimal form is 0.60. you then get the answer of that(46.2) and mutiply 0.04 since that the decimal form for 4%. you get 1.848 and add it to 46.2 and get the final answer 48.048. Hope this helped you