Q156
Richa took a loan of Rs. 1,20,000 for 1 year at 20% per annum, compounded quarterly. The amount that Richa has to pay after 1 year is:
A.
Rs. 1,45,861.75
B.
Rs. 1,45,860.75
AnswerC.
Rs. 1,45,863.75
D.
Rs. 1,45,862.75
Answer: Option B
Solution
Answer: Option B
Solution:
Rate = 20% p.a= 5% Quarterly =
Time = 1 year = 4 quarter
