 Hi, and how are you all today? The question says finally amount of an annuity of Rs. 2000 payable at the end of each three months for six years if money is worth 8% per annum compounded quarterly. We need to use the value of 1.02 raise to the part 24 as 1.608. So let's proceed with the solution. Here we are given the periodic payment towards this annuity that is represented by capital R as Rs. 2000. Rate of interest that is denoted by small r is given to us as 8% per annum. So compounded quarterly means dividing it by 4 that gives us 2% per quarter that is 0.02 per quarter. And further we are given the number of payments in six years sorry each year we are making four installments. So we have this is represented by N as 24 quarters. We need to find out the amount of an ordinary annuity. The formula for that is r multiplied by 1 plus r raised to the power n minus 1 upon r. What we need to do is we just need to fill up these three values and then solve it. It's 2000 multiplied by 1 plus 0.02 raised to the power 24 minus 1 upon 0.02. That is further equal to 2000 upon 0.02. 1.02 raised to the power 24 minus 1. Now on solving we have 2000 into 100 upon 2 into its value is given to us in the question as 1.608 right. So on using it and simplifying it we have 0.608 is getting multiplied by it and we have the answer as 608 double to 0. So this is the required answer to the question that is given to us it is 60800 right. So this completes the session hope you understood the whole concept well and enjoyed it to have a nice day ahead.