Question

*What should be the interest rate and duration for principal Rs. 500 for 1 year at 12% compounded quarterly ?*

1️⃣ R = 12% N = 1 year
2️⃣ R = 6% N = 2
3️⃣ R = 3% N = 4
4️⃣ R = 6% N= 4​

Answer 1

Answer:

option 1

Step-by-step explanation:

option 1 do this question by this formula

(p×r×t) / 100

Answer 2

Answer:

Option 1

Step-by-step explanation:

R=12% N=1 Year