📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      What will be the amount after 2 years on a Principal

      “P” if compounding is done on a quarterly basis?
      A P*(1+r/4)4 Correct Answer Incorrect Answer
      B P*(1+r/4)8 Correct Answer Incorrect Answer
      C P*(1+r/4)2 Correct Answer Incorrect Answer
      D P/4*(1+r)8 Correct Answer Incorrect Answer
      E P/4 *(1+r/4)2 Correct Answer Incorrect Answer

      Solution

      If the compounding is done more than once in a year, then A = P*(1+ )m*t Where, ·       m = no. of periods in a year when compounding is being done ·       R = rate of interest p.a ·       t = time in years

      Practice Next
      More Alternate Sources of Finance Questions
      ask-question