Compound Interest Quarterly
Compound Interest Quarterly
Calculating Interest Compound Quarterly:
In this case the rate is divided by 4 and the time in years is multiplied by 4.
1. Find the compound interest on Rs. 160000 for 12 months at 820% per annum, compounded quarterly.
Principal= Rs 160000
Time = 12 months
Rate = 20% = 5 % when compounded quarterly
Compound Interest = amount - principal
= 194481-160000
= 34481 Rs.
Ram deposited Rs. 8000 in a bank which pays him 12% interest per annum compounded quarterly. What is the amount which he receives after 3 months. | |||
| Right Option : A | |||
| View Explanation | |||
A sum of 1,00,000 rupees compounded quarterly for 9 months at the rate of 4% per annum, then find the result of the expression | |||
| Right Option : A | |||
| View Explanation | |||
Find the compound interest when 1,25,000 rupees is invested for 9 months at 8% per annum, compounded quarterly? | |||
| Right Option : B | |||
| View Explanation | |||
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We started with lot of hope that Abhyas will help in better understnding of complex topics of highers classes. we are not disappointed with the progress our child has made after attending Abhyas. Though need to mention that we expected a lot more. On a scale of 1-10, we would give may be 7.
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10thAbhyas institute is one of the best coaching institute in the vicinity of Ambala Cantt area. The teachers of the institute are well experienced and very helpful in solving the problems of the students.The good thing of the institute is that it is providing extra classes for the students who are w...
Aman Kumar Shrivastava
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Aman Kumar Shrivastava
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Aman Kumar Shrivastava
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Om Umang
10thAbhyas institute is one of the best coaching institute in the vicinity of Ambala cantt.The institute provides good and quality education to the students.The teachers are well experienced and are very helpful in solving the problems. The major advantages of the institute is extra classes for weak...
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8thMy experience with Abhyas is very good. I have learnt many things here like vedic maths and reasoning also. Teachers here first take our doubts and then there are assignments to verify our weak points.
