Payal received ₹32768 from a bank at the rate of. 12/1/2 % per annum calculated quarterly. Find the amount she will have to return after 9 months in order to clear her debits .
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Quarterly rate = 12 1/2/4
=25/8%
Int.for Ist.Qr.32768x25/800=1024. Total = 33792
Int for 2nd Qr.33792x25/800
= 1056
Total = 34848
Int.for 3rd Qr=34848x25/800
= 1089
Total = Rs 35937
To Clear his debits Rs 35937 is
to be paid
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