A) Rs. 106060 and Rs. 6060.10
B) Rs.103030 and Rs. 3030.10
C) Rs.103030.10 and Rs. 3030.10
D) Rs.106060.10 and Rs. 6060.10
Correct Answer: C
Solution :
P = Rs. 100000 Time, T = 9 months = 3 quarter yr R =4% per annum = 1 % quarterly \[\therefore \]\[A=100000{{\left( 1+\frac{1}{100} \right)}^{3}}=100000{{\left( \frac{101}{100} \right)}^{3}}\] \[=100000\times \frac{101}{100}\times \frac{101}{100}\times \frac{101}{100}\]= Rs. 103030.10 Also, compound interest\[=A-P\]=Rs. 103030.10 \[-\]Rs. 100000 Compound interest = Rs. 3030.10You need to login to perform this action.
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