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What will be the amount of the sum Rs 1200 for [Math Processing Error]112 a year at 40% interest compounded quarterly?Rs2186Rs 2062Rs 2278Rs 2126

Question

What will be the amount of the sum Rs 1200 for 112 112 a year at 40% interest compounded quarterly?

  • Rs 2186
  • Rs 2062
  • Rs 2278
  • Rs 2126
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Solution

It seems like there's a mistake in your question as "[Math Processing Error]112 a year" is not clear. However, I can show you how to calculate the compound interest if you provide the correct time period.

The formula for compound interest is A = P(1 + r/n)^(nt), where:

  • A is the amount of money accumulated after n years, including interest.
  • P is the principal amount (the initial amount of money).
  • r is the annual interest rate (in decimal).
  • n is the number of times that interest is compounded per year.
  • t is the time the money is invested for in years.

In your case:

  • P = Rs 1200
  • r = 40/100 = 0.4 (since it's 40%)
  • n = 4 (since it's compounded quarterly)

This problem has been solved

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