Find the compound interest on rupees 125000 for 9 months at 8% per annum compounded quarterly

Test: Simple Interest & Compound Interest- 1

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Answers

Related Find the Compound Interest on Rs. 12500 at 8% per annum for 9 months compounded quarterly.a)Rs.1020b)Rs. 1428c)Rs. 510d)Nonee)All of the aboveCorrect answer is option 'D'. Can you explain this answer?

Given n=9 months
=3 quaterly
A=125000×(1+2/100)3^=125000×(1+2/100)^3
=125000×51/50×51/50×51/50=125000×51/50×51/50×51/50
=Rs.132651
CI=A−P
=132651−125000
=Rs.7651
HENCE OPTION D IS THE ANSWER

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The correct is D as
n=9 months
=3 quaterly
A=125000×(1+2/100)3^=125000×(1+2/100)^3
=125000×51/50×51/50×51/50=125000×51/50×51/50×51/50
=Rs.132651
CI=A−P
=132651−125000
=Rs.765.1

Question Description
Find the Compound Interest on Rs. 12500 at 8% per annum for 9 months compounded quarterly.a)Rs.1020b)Rs. 1428c)Rs. 510d)Nonee)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for Quant 2022 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Find the Compound Interest on Rs. 12500 at 8% per annum for 9 months compounded quarterly.a)Rs.1020b)Rs. 1428c)Rs. 510d)Nonee)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2022 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the Compound Interest on Rs. 12500 at 8% per annum for 9 months compounded quarterly.a)Rs.1020b)Rs. 1428c)Rs. 510d)Nonee)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.

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Given n=9 months=3 quaterlyA=125000×(1+2/100)3^=125000×(1+2/100)^3=125000×51/50×51/50×51/50=125000×51/50×51/50×51/50=Rs.132651CI=A−P=132651−125000=Rs.7651HENCE OPTION D IS THE ANSWER