Question

Meenu deposited 15000 rupees in a bank which pays interest compounded every 3 months at 8% annual rate. How much would she get back after one year?​

Answer 1

Answer:

1200 rs

Step-by-step explanation:

intrest on 3 month at 8%

1/4 year

$\frac{p \times r \times t}{100} = \frac{15000 \times 8 \times 1}{4 \times 100} = 300 \: rs \: \\ \\ intrest \: for \: 1 year = 300 \times 4 = 1200$