Find the amount and the compound interest in 12 months on 525 and if the rate of interest is
quarterly payable at 5 paise per rupee per annum.
Inverse Problems on Compound Interest
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Step-by-step explanation:
ANSWER
Amount=400 Rs.
Time=8 Months
Interest=5 Paise per rupee
SimpleInterest=400×8×
20
1
=160Rs.
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