what should be the interest and duration for principal Rs.500 for 1 ye

1.	what should be the interest and duration for principal Rs.500 for 1 year at 12% compounded quertely ?
Answer» ONG>Answer: PRINCIPAL =Rs.500 Time =1.5 years Rate of interest =12% per annum A=P(1+ 100R ) T A=500(1+ 10012) 1.5 A=500×1.185=592.64 Thus, Interest=A−CP=592.64−500=Rs.92.64 Step-by-step explanation: that's the answer 92 .64

what should be the interest and duration for principal Rs.500 for 1 year at 12% compounded quertely ?

Answer» ONG>Answer:

Time =1.5 years

Rate of interest =12% per annum

A=P(1+ 100R )

A=500(1+ 10012)

1.5

A=500×1.185=592.64

Thus, Interest=A−CP=592.64−500=Rs.92.64

Step-by-step explanation:

that's the answer 92 .64