what is the compound interest on rs:60,000 for 4 months at the rate of 5% per annum
Choose the most appropriate option.
A) 1058.24 B) 2006.24 C) 1006.13 D) 1015.24 E) 1014.24
it is monthly compound   rate=5/12% per month   60000*(1+5/1200)^4-60000=1006.13   ANSWER:1006.13
<result>C</result>
what is the compound interest on rs:60,000 for 4 months at the rate of 5% per annum