Quick Method for solving Compound Interest Questions - Type 6


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Interest to be Calculated Quarterly

1. Rs 1000 invested for 9 months at the rate of 40% per annum on compound interest but interest to be calculated quarterly. Find interest after 9 months.

2. Find the compound interest on Rs 10,000 for one year at the rate of 40% p.a., if the interest rate is compounded quarterly.