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:

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Answer 2

Answer:

Interest = P×R×T /100

Intrerest= 500× 12× 1 /100

interest = 60 RS.