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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