Question

Sidhi borrowed a sum of ₹12000 from a finance company to purchase a refrigerator. If the rate of interest is 12% per annum compounded quarterly, calculate the compound interest Sidhi has to pay to the company after one year.

Answer 1

12000(1+12÷100)^1
12000×112÷100
120×112
13440

Answer 2

Answer:

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Step-by-step explanation:

Your answer is Rs 119127.24

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