Find the amount on Rs 15,625 in 9 months at the rate of 6% p.a. , when – InterviewSolution

1.

Find the amount on Rs 15,625 in 9 months at the rate of 6% p.a. , when the interest is compounded quarterly.

Answer»

$\huge\underline{\red{\mathbb{ANSWER}}}$

Principal=15625 Rs.

Time=9 months=3 Quarters

Rate of interest=16 %=4% PER quarter

C.I.=17567−15625=1951Rs.

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