Question

Kavya deposited 8500 in the bank which pays her 12% interest per annum compounded quarterly what is the amount which she receive after 9 month

Answer 1

Here your answer goes

Step :- 1

Use the formula for as below :-

$A = P ( 1 + \frac{r}{100} ) ^{h}$

Step :- 2

n = 9 =3 Quarter

r = 12% = 3% Quarter

Put the values

$8500 =  ( 1 + \frac{3}{100} )^{3}$

8500 * (103 /100) ^3

==> 8500 *  103/ 100 * 103/100 * 103/100

==>> Rs . 9288.2

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