Question

If the rate of Compound interest is 12 % per year and compound interest is calculated every 3 months, then what is the total amount after 9 months when the deposited amount is one lakh ?
[A] Rs.1,09,000.00
[B] Rs.1,09,060.00
[C] Rs.1,09,060.30
[D] Rs.1,09,272.70

Answer 1

Question :------ we have to find amount ...

Given :-----

Rate = 12% per year

Time = 9 months

interest is compounded Quarterly .

Principal = 1 lakh

we know that, when interest is compounded Quarterly ,

Time will be 4 times , and rate is divided by 4 ..

so,

our Time is = 9*4 = 36 months = 3 years.

out Rate is = 12/4 = 3% per yearly now .

Now we know that :------

$\huge\red{\boxed{\sf A\:=\:P( 1 + \frac{r}{100})^{t}}}$

Putting values now we get,

A = 100000(1+3/100)³

A = 100000(103/100)³

A = (100000*103*103)/10000

A = 1,06,090

So our Amount after 9 months will be 1,06,090 (None of these options are correct )

( Hope it helps you )

Answer 2

Answer:

this is a your answer to the question answer.....