1. The compound interest on a sum of Rs. 5000 at 8% per annum for 9 months when interest is compound quarterly is:





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  • 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)
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