Question 48
₹ 10000, invested at 30% rate of interest per annum. but compounded every four months, will give an amount of ₹ ...... in one year.
Solution
compounded every four months ,
so we have to multiple with 3 in time and divide by 3 in rate
so rate =10% and time 3 year,
fraction value of 10% =$$\ \frac{\ 1}{10}$$
hence option 'D' is correct
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