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In how many years will a sum of Rs. 3200...

In how many years will a sum of Rs. 3200 compounded quarterly at the rate of 50% per annum amount to Rs. 4050 ?

A

One year

B

Half year

C

Two year

D

Three years

Text Solution

Verified by Experts

The correct Answer is:
B
Substitute the given values in the formula `A=P(1+(R )/(400))^(4n)` and find n.
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