Question

190. If the rate of Compound interest is 12 % per year and compound
interest is calculated every 3 months, then what is the total amount
after 9 months when the deposited amount is one lakh?

Answer 1

Answer:

140492.8

Step-by-step explanation:

A= P[1+R/100]

 =100000* 1+12/100

 =100000* 1+3/25

we will take LCM

100000* [28/25] ³

100000×21952/15625

140492.8

 THANKS