Question

Saurabh deposited₹7500in abnak which pay12% interest per annum compounded quarterly. What is the amount he receives after9. months
Hello friends please answer this question​

Answer 1

Principal = ₹7500

Rate of interest = 12% p.a.

Time = 9 months = 3/4 years

S.I. = (PRT)/ 100

= (7500×12×3/4)/100

= ₹ 675