Question #57106
1 Answer
Feb 19, 2018
Rs.15918/-
Explanation:
Interest charges quarterly means 4 times in a year.
So, r = 8/4 = 2. n = 9/12 years = 3/4 years. p = 15,000/-.
We know, A =
She has to pay Rs. 15,918/- at the end of 9 months.