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Preeti Dabral 1 year, 8 months ago
P = Rs. 1800
R = 8% per annum
{tex} = \frac{1}{4} \times 8\% {/tex} quarterly
= 2% quarterly
n = 1 year
= 4 quarters
{tex}\therefore A = P{\left( {1 + \frac{R}{{100}}} \right)^n}{/tex}
{tex} = 1800{\left( {1 + \frac{2}{{100}}} \right)^4}{/tex}
{tex} = 1800{\left( {1 + \frac{1}{{50}}} \right)^4}{/tex}
{tex} = 1800{\left( {\frac{{51}}{{50}}} \right)^4}{/tex}
{tex} = 1800 \times \frac{{51}}{{50}} \times \frac{{51}}{{50}} \times \frac{{51}}{{50}} \times \frac{{51}}{{50}}{/tex}
= Rs. 1948.38.
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Preeti Dabral 1 year, 8 months ago
He was initially appointed as the naib or the deputy to the governor, but just like many other subadars, he soon seized power and came to control the revenue system in Bengal. ... Under the rule of Alivardi Khan in Bengal, the banking house of Jagat Seth became very prosperous.
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Lakshaya Veeraprumal 1 year, 8 months ago
0Thank You