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 is the right ans but I am not sure

Step-by-step explanation:

R=% N= 1 year