Sarthaks Test
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Ramesh deposited Rs.7500 in a bank which pays him 12% interest per annum compounded quarterly. What is the amount which he receives after 9 months ? 

(A) 712.25 

(B) 8195.45 

(C) 7191.523 

(D) None of these 

1 Answer

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Best answer

Correct option (B) 8195.45   


Here, P = Rs. 7500, R = 12% interest per annum and 

n = 9 months = 9/12 years = 3/4 years 

Amount after 9 months

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