₹20,000 at 4% p.a. 9 months
Calculate the compound interest of Rs, while the interest is compounded quarterly.
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Find Compound Interest when interest is compounded Quarterly
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To find compound interest when interest is compounded quarterly, we use the following formula :
A = P ( 1 + R/4 )4n and C.I. = A – P
Where, P = Principal
R = Rate of interest p.a (per annum i.e annually)
n = number of years.
Examples :
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