Question

If ₹12000 taken for 2 years at 4% per annum compounded quarterly, then time period and rate is:
(a) n=2, R=16%
(b) n=4, R=1%
(c) n=8, R=1%
(d) n=8, R=16%​

Answer 1

$\large\bf{\underline\red{Good \: Afternoon♡}}$

Principal (P) = ₹ 12000

Rate (R) = 4% p.a. or 1% quarterly

Time (n) = 2 years or 8 quarter (c)

Answer 2

The correct answer is written down below:

Explanation:

• Given, P= Rs. 12,000, n p.a= 2 years and R p.a= 4%
• To find: Time period and rate of interest compounded quarterly.
• According to the given question,
• n compound quarterly= 2 × 4 = 8
• R compound quarterly= 4 × 1/4 = 1%
• So, the time period compounded quarterly is 8 and the the rate of interest compounded quarterly is 1%.

Hence, the correct answer is option (c) n=8, R=1%.