Practicing Success
What will be the compound interest on a sum of Rs.46875 for 2 years at 12% p.a., if the interest is compounded 8-monthly? |
₹12160 ₹13474 ₹12174 ₹12194 |
₹12174 |
12 Months ⇒ 12% 8 Months ⇒ 8% = \(\frac{2}{25}\) Principal : Amount 8 month 25 : 27 8 month 25 : 27 8 month 25 : 27 15625 : 19683 ⇒ 4058 (C.I.) ↓×3 ↓×3 46875 (given) 12174 Ans. |