Find the compound interest on ₹6000 in 9 months at 40% per annum, when the interest being compounding quarterly.
Answer & explanation
Correct answer: option 3
Rate of Interest = 40% per annum = 10% per quarter
9 months = 3 quarters
Now,
Find the compound interest on ₹6000 in 9 months at 40% per annum, when the interest being compounding quarterly.
Correct answer: option 3
Rate of Interest = 40% per annum = 10% per quarter
9 months = 3 quarters
Now,