Question

find the rate of intrest per annum if amount =4499.25 principal = rupees 4200 and time =9 months​

Answer 1

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