4. Find the amount and the compound interest on 15625 for 9 months if the interest is
compounded quarterly at 16% per annum.
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Principal=15625 Rs.
Time=9 months=3 Quarters
Rate of interest=16 %=4% per quarter
Amount=15625×(1+
100
4
)
3
⇒15725×
100
104
×
100
104
×
100
104
⇒15725×
100
24
×
100
24
×
100
24
⇒17567Rs.
C.I.=17567−15625=1951Rs.
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