Question

Deepak deposited 7500 rupees in bank at 12%per annum for 9 months find amount received by him if interest is calculated quarterly

Answer 1

P=rs7500

R=4%

T=3years


Amount=principal(1+r/100)^n

7500(1+4/100)^3

7500(1+1/25)^3

7500(25+1/25)^3

7500×26/25×26/25×26/25

12×26×26×26/25=210912/25=

8436.48 is amount

Now,ci=a-p=8436.48-7500=936.48