Find the amount and the compound interest on 10,000 for one year at 12% p.a compounded quarterly
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Answer:
1255 Rs.
Step-by-step explanation:
Explanation - Given that sum of money is compounded quarterly. So it will be compounded 4 times at rate of 12/4 = 3 % per quarter = 3/100 = 0.03 percent per quarter. Hence, compound interest is 1255 Rs.
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that's all
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