Question

100000 for 9 months at 4% per annum compound quarterly



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Answer 1

Answer:

=3030.10

Step-by-step explanation:

=100000

=4% per or 1% quarters

period (n) = 9 months or 3 quarters

we know that

P( 1 + r / 100 )

subtitling the values

=100000 ( 1 + 1 / 100 )³

by further calculations

=100000 × 101 / 100 × 101 / 100 × 101 / 100

103030.10

here

CI = A - P

subtitling the values

=103030.10 - 100000

=3030.10

hope it's helpful