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CBSE Class 8 Answered

What to do if time is in months eg 5 months,and we have find interest quarterly.then what to do
Asked by kirtigore63 | 14 Mar, 2020, 09:33: PM
answered-by-expert Expert Answer
If time is in months eg 5 months.
We will find interest for a month and then it will be multiplied by 3 to find interest quarterly.
 
 
for example : 
10% interest for 5 months then 10%/5 = 2% per month
For quarter it will be 2% × 3 = 6% quarterly
Answered by Sneha shidid | 16 Mar, 2020, 09:39: AM

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