Question

Manu deposited 15000 Rs in a financial establishment which pays interest compounded every 3 months at 8% annual rate. How much would he get back after one year? ​

Answer 1

=> Principal = 15000

=> time = 3 months that is 3/12 = 1/4.. (after cancellation)

➪ Rate of Interest = 8%

➪S.I. = p×r×t/100

➪ S.I = 15000 × 1/4 × 8/100

ᴀ᭄ɴsᴡᴇʀ :-

He will Get 300 ₹ back after one year.

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