1.

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

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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