Question

Neha borrowed ₹50000 from bank for 9 months at the rate of 12 % per annum compounded quarterly how much does she have to pay at the end of term

Answer 1

therfore ......principal=50000....p.c.p.a.=12%.....time=9 months therfore ...................p×r×t÷100...........therfore 50000×9×12÷100=54000 thefore at the end of term she does have to pay 54000