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 year​

Answer 1

Answer:

1

Step-by-step explanation:

N=T×1

N=1

R=12%

I=R/400 where, compounded quarterly

formula:A=p(1+i) power n

=500(1+12/400) power 1

=562.75

C. I. =p[(1+i) power n -1]

=p(1+i) power n - p

=562.75 - 500

=62.75

I think it may help u....