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Find the compound interest on Rs. 12550 for 9 months at 12% per annum compounded quarterly.1). Rs. 11642). Rs. 1125.183). Rs. 1198.724). Rs. 1164.32 |
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Answer» <P>We know that, Compound INTEREST $(= P \times {\left( {1 + \frac{r}{n}} \right)^{nt}} - P)$ ∴ ANSWER $(= 12550 \times {\left( {1 + \frac{{0.12}}{4}} \right)^{4 \times \frac{9}{{12}}}} - 12550 \approx 1164)$ |
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