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If the interest is payable quarterly, then find out after what time will amount to at .

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months

year

answer is C.

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Detailed Solution

Concep- Amount refers to the amount of the equity investment that is being returned, calculated in relation to the equity portion's termination value for the relevant termination date.
Amount = Rs.1852.20
Principal = Rs. 1600
Rate

= 20 %

p.a.

= 5 %

per quarter

A = P 1 + R 100 T

1852.2 = 1600 1 + 5100 T

21203 = 2120 T

T = 3 quarters

T = 9 months

Hence, the correct answer is option 3.

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