find the amount and compound interest on rs 750000 in 1 year at 12 %interest compounded quarterly
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Step-by-step explanation:
p=rs 750000
time=1year=1×4=4quarters
rate=12%=12/4=3% quarter
amount= p(1+r/100)^t
= rs 750000(1+3/100)^4
=rs 750000×103/100×103/100×103/100×103/100
=844,131.6075rs
c.I=a-p
=844,131.6075-750000=94,131.6075
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