CBSE Class 8 Answered
Ramen took a loan of 130000 from a finance company at the rate of 10 p.a. for 15 months to purchase a motor cycle .How much amount will he pay if the interest is calculated compounded quarterly ?
Asked by jeetabhi0012 | 25 Oct, 2021, 22:15: PM
Expert Answer
Interest = 10% p.a.
Quaterly interest = 10/4 % p.a.
Solve it further to get the amount
Answered by Renu Varma | 29 Oct, 2021, 12:12: PM
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