Question

Ramesh deposited Rs 7500 in a bank which pays him 12% interest per annum compounded quarterly. What is the amount (correct upto two decimal places) which he receives after 9 months.
•[with explanation]•​

Answer 1

Answer:

The interst is he got from bank is 600

Step-by-step explanation:

Ramesh deposit 7500

He get interest 12%

In 9 month

7500-12%=6600

It means he interest from bank = 900/month

900*9=8100

He got 8100 from bank with interest of 600