Question

- Lost of item
& GST
2 1000 & 2 50
- 1050
What will happen if interest is compounded
quarterly? How many conuersion periode will
che there?​

Answer 1

Answer:

At 12% per annum you pay Rs 12 for every Rs 100 you borrow. That is equivalent to Rs 1 per month.

Hence Rs 1 interest (per month)

Similar terminology -

1) 1 paisa interest= 1 paisa per month on a rupee= 12% per annum.

Similarly 1.25 paise= 15% per annum.

Step-by-step explanation:

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