what is the compound interest on rs : 60,000 for 4 months at the rate of 5 % per annum
"it is monthly compound rate = 5 / 12 % per month 60000 * ( 1 + 5 / 1200 ) ^ 4 - 60000 = 1006.13 answer : c"
divide(multiply(multiply(multiply(const_3, const_100), const_100), multiply(5, divide(4, multiply(4, const_3)))), const_100)