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.
SHYAM deposited Rs. 75000 in a bank which pays him 16% 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 on Rs. 160000 for one year at the rate of 20% per annum, if the interest is compounded quarterly? | |||
| Right Option : A | |||
| View Explanation | |||
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I have spent a wonderful time in Abhyas academy. It has made my reasoning more apt, English more stronger and Maths an interesting subject for me. It has given me a habbit of self studying
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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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8thIn terms of methodology I want to say that institute provides expert guidence and results oriented monitering supplements by requsite study material along with regular tests which help the students to improve their education skills.The techniques of providing education helps the students to asses...
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Eshan Arora
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Archit Segal
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Hiya Gupta
8thThird consective year,my ward is in Abhyas with nice experience of admin and transport support.Educational standard of the institute recumbent at satisfactory level. One thing would live to bring in notice that last year study books was distributed after half of the session was over,though study ...
