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Find the Compound Interest on Rs. 12500 at 8% per annum for 9 months compounded quarterly.
- a)Rs.1020
- b)Rs. 1428
- c)Rs. 510
- d)765.1
- e)All of the above
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Find the Compound Interest on Rs. 12500 at 8% per annum for 9 months c...
The correct is D as
n=9 months
=3 quaterly
A=12500×(1+2/100)^3
=12500×51/50×51/50×51/50
=Rs.13265.1
CI=A−P
=13265.1−12500
=Rs.765.1
n=9 months
=3 quaterly
A=12500×(1+2/100)^3
=12500×51/50×51/50×51/50
=Rs.13265.1
CI=A−P
=13265.1−12500
=Rs.765.1
Most Upvoted Answer
Find the Compound Interest on Rs. 12500 at 8% per annum for 9 months c...
Given n=9 months
=3 quaterly
A=125000×(1+2/100)3^=125000×(1+2/100)^3
=125000×51/50×51/50×51/50=125000×51/50×51/50×51/50
=Rs.132651
CI=A−P
=132651−125000
=Rs.7651
HENCE OPTION D IS THE ANSWER
=3 quaterly
A=125000×(1+2/100)3^=125000×(1+2/100)^3
=125000×51/50×51/50×51/50=125000×51/50×51/50×51/50
=Rs.132651
CI=A−P
=132651−125000
=Rs.7651
HENCE OPTION D IS THE ANSWER
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Community Answer
Find the Compound Interest on Rs. 12500 at 8% per annum for 9 months c...
The correct is D as
n=9 months
=3 quaterly
A=125000×(1+2/100)3^=125000×(1+2/100)^3
=125000×51/50×51/50×51/50=125000×51/50×51/50×51/50
=Rs.132651
CI=A−P
=132651−125000
=Rs.765.1
n=9 months
=3 quaterly
A=125000×(1+2/100)3^=125000×(1+2/100)^3
=125000×51/50×51/50×51/50=125000×51/50×51/50×51/50
=Rs.132651
CI=A−P
=132651−125000
=Rs.765.1
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Find the Compound Interest on Rs. 12500 at 8% per annum for 9 months compounded quarterly.a)Rs.1020b)Rs. 1428c)Rs. 510d)765.1e)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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