Rohit deposited rupees 10000 in a bank for six months.If the bank pays compound interest at 12% per annum reckoned quarterly, find the amount to be received by him at maturity.
Answers
Answered by
2
Answer:
interests = 10000 × 3 × 1/100
= 300
= 10000+300
= 10300
compound interests = p ( 1 + r/100 )
= 10000 ( 1 + 3/100 )
= 10000 × 103/100 × 103/100
now 10000 will be divided by 100
then 100 will be cut now we are multiply 103×103 = 10609
so answer is 10609
I hope it's help you please mark me as brainlist and follow
Similar questions