Problema Solution
If you borrow $10,000 for three years at a quarterly compounding interest rate of 4% per year, how much interest will you pay?
Answer provided by our tutors
p=12000, r=4% p.a t =3 yera
acc to question
intrestre collect quertly
r=4/4=1%
t=3x4=12
SI= 12000x1x12/100
si=1200