find the rate of intrest per annum if amount =4499.25 principal = rupees 4200 and time =9 months
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2
Answer:
Correct option is
B
Rs. 7651
Given, P=125000,
As compounded quarterly R=
4
8
=2%
Time =9 months=
12
9
years =
12
9
×4quarters =3 quarters
We know, Amount =A=(1+
100
R
)
n
A=125000[
1+(
100
2
)
]
3
= Rs. 132651
C.I = Rs. [
132651−125000
]= Rs. 7651
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