*What should be the interest rate and duration for principal Rs. 500 for 1 year at 12% compounded quarterly ?*

1️⃣ R

*What should be the interest rate and duration for principal Rs. 500 for 1 year at 12% compounded quarterly ?*

1️⃣ R = 12% N = 1 year
2️⃣ R = 6% N = 2
3️⃣ R = 3% N = 4
4️⃣ R = 6% N= 4 year​

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2 thoughts on “*What should be the interest rate and duration for principal Rs. 500 for 1 year at 12% compounded quarterly ?*<br /><br />1️⃣ R”

  1. Answer:

    1 : 6000

    2 :6000

    3 : 6000

    4 : 12000

    Step-by-step explanation:

    1 : P×R × T…

    500×12×1..

    6000….

    2 : P×R×T…

    500×6×2…

    6000….

    3 : P×R×T…

    500×3×4…

    6000…

    4 :P×R×T….

    500×6×4…

    12000…

    Formula to find simple interest is (P× R ×T)..

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