rate of compund interest 12%per year calculat
e ever 3 months what is total amount next 9 month when deposited the amount in

1 thought on “rate of compund interest 12%per year calculat<br />e ever 3 months what is total amount next 9 month when deposited the amount in”

1. Answer:

   monthly.basis

   12% per annum=(12/12)×3 = 3% per 3 months

   Sum=P(1+r/100)^t

   P is principal,t is time in quarters

   r is rate of interest in quarterly basis

   Putting values

   Sum=100000(1+3/100)^3

   =100000(1•03)^3= ₹109272

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