1. The compound interest on a sum of Rs. 5000 at 8% per annum for 9 months when interest is compound quarterly is:
Write Comment
Comments
By: anil on 05 May 2019 02.28 am
Principal sum = Rs. 5000 Rate of interest = 8% and time period = $$frac{9}{12}=frac{3}{4}$$ years Compound interest when interest is compound quarterly = $$P[(1+frac{R}{400})^{4T}-1]$$ = $$5000[(1+frac{8}{400})^{frac{3}{4} imes4}-1]$$ = $$5000[(1+frac{1}{50})^3-1]$$
= $$5000[(frac{51}{50})^3-1]$$
= $$5000 imes(frac{132651-125000}{125000})$$
= $$frac{7651}{25}=Rs.$$ $$306.04$$ => Ans - (C)
Terms And Service:We do not guarantee the accuracy of available data ..We Provide Information On Public Data.. Please consult an expert before using this data for commercial or personal use
= $$5000[(frac{51}{50})^3-1]$$
= $$5000 imes(frac{132651-125000}{125000})$$
= $$frac{7651}{25}=Rs.$$ $$306.04$$ => Ans - (C)