Question

Ramesh recieved Rs.32768 from a bank at the rate of \(12\frac{1}{2}\)% per annum calculated quarterly. Find the amount he will have to return after 9 months in order to clear his debts.

Answer 1

@ganeshie8 sir @lgbasallote sir plz help :)

Answer 2

@Zarkon plz help :)

Answer 3

@lgbasallote sir plz help me :)

Answer 4

Rs. 32,768 @ 12.5 % compounded quarterly.

Answer 5

yeah !

Answer 6

quarterly interest rate = 12.5/4 = 3.125 %

Answer 7

yes !

Answer 8

every quarter, that is every 3 months, the bank will calculate interest on outstanding amount, and add the interest bill it to his account.

so, every quarter his debt increases by the interest amount

Answer 9

3 quarters in 9 months

Answer 10

k!

Answer 11

Thanxx !

Answer 12

total amount he will have to return with interest =

\(A (1 + r)^n\)

= \(32,768(1 + 3.125/100)^3\)

= ?

Answer 13

yw ! :)