what is the compound interest on rs:30,000 for 4 months at the rate of 5% per annum
Choose the correct answer:
A) 501.13	B) 502.13	C) 503.13	D) 504.13	E) 505.13
it is monthly compound   rate=5/12% per month   30000*(1+5/1200)^4-30000=503.13   ANSWER:503.13
<result>C</result>
what is the compound interest on rs:30,000 for 4 months at the rate of 5% per annum