Question

Ramesh deposited Rs. 7500 in a bank which pays him 12% interest per annum compounded quarterly. What is the amount which he riceves after 9 months​

Answer 1

GO THROUGH THE ATTACHED IMAGE..

Answer 2

Amount=Rs. 15,600

Step-by-step explanation:

principle=Rs. 7500

rate=12%

time=9months

Simple Interest=PTR/100

S.I=7500×9×12/100

S.I=75×9×12

S.I=8100

simple Interest=8100

Amount=principle+interest

A=7500+8100

A=Rs. 15,600