1.

A sum of 3,200 invested at 10% p.a. compounded quarterly amounts to 3,362. Compute the time period.

A. <table><tr><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2"> year</td></tr><tr><td style="text-align: center;">2</td></tr></table>
B. 1 year
C. 2 years
D. <table><tr><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>3</center></td><td rowspan="2"> year</td></tr><tr><td style="text-align: center;">4</td></tr></table>
Answer» B. 1 year


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