Answer:
Amount pay after one year for compounded quarterly = Rs 5627.54
Step-by-step explanation:
Given as,
Manu took loan of Rs 5000 , So, Principal = Rs 5000
The rate of interest applied = 12% per annum compounded quarterly
The loan took for period of year = one
Now from the compounded method :
For compounded quarterly
Amount = principal 
Or, Amount = Rs 5000 
Or, Amount = 5000 
Or, Amount = 5000 × 1.1255
∴ Amount = Rs 5627.54
Hence , The amount which Manu pay after one year at 12% per annum compounded quarterly is Rs 5627.54 Answer
Answer:
what does this mean you just put random numbers right?
Step-by-step explanation:
Answer:
Dr. Kora will pay an interest of $6,000
Step-by-step explanation:
Simple interest = P × R × T
Where:
P = Principal = $8000
R = Rate = 7.5% = 0.075
T = Time = 10 years
∴ Simple interest = 8000 × 0.075 × 10 = $6,000
Therefore Dr. Kora will pay an interest of $6,000
Each of the members must raise at least $69.46.
To start they need to raise $552.50. However, they have already raised 12% of it. They only need to raise 88% of it.
552.50 x 0.88 = 486.2
Divide the remaining amount by 7 to determine how much each individual must raise.
486.2 / 7 = 69.46
