Ramesh deposited rs.7500 in bank which pays him 12 percent interest per annum compounded quarterly. find amount received after 9 months.
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if the rate is for 1 yr then the amount will be same for the Si and CI
p=RS7500
R=12%
T=9/12=3/4
SI=Rs(7500x12x3/4x100)
therefore the result is Rs 675
A= Rs(7500+675)
=Rs 8175
So he had received the amount of Rs8175
p=RS7500
R=12%
T=9/12=3/4
SI=Rs(7500x12x3/4x100)
therefore the result is Rs 675
A= Rs(7500+675)
=Rs 8175
So he had received the amount of Rs8175
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