Rohit deposited Rs.10000 in bank for six months. If the bank pays compound interest compound interest at 12% per annum reckoned quarterly, find the amount to be received him on maturity
Answers
Answered by
105
Answer:
Step-by-step explanation:
P (principle) = ₹10,000
T (time) = 6 months = (6/12 * 4) = 2 quater months
R (rate) = 12% = (12/4) = 3%
A (amount) = P( 1+R/100) ^T
= ₹ 10,000 (1+3/100)^2
= ₹10,000 (103/100)^2
= ₹ 10,000 * 103/100 * 103/100
= ₹10,609
I hope it helps.
please mark as brainliest
pleaseeeee
Pranahu:
lol
Answered by
46
Answer:
Step-by-step explanation:
Attachments:
Similar questions