Question

If we borrow Rs. 300 for 3 years and simple interest is computed for 3% per quarter. Then i. compute interest earned in each quarter, ii total interest earned in 3 yearsiii. accumulated amount at expiry date. *​

Answer 1

Answer:

i) si = PRT/100 = 300×3×1/100

= 9

ii) interest in a quater year = 9

interest per year = 9×4 = 36

so, interest in three year = 36×3 = 108

iii) amount at expiry date = SI+P = 108+ 300 = 408

Answer 2

₹300

I= 3% per quarter.

So, per year ₹9 is interest.

for 3 years. ₹27.

300+27=327

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