Question

8. Find the compound interest on 50,000 at 9% for 1 year compounded quarterly at 15% Find the on town is​

Answer 1

p=50000

r = 9% p.a

=9%/4 per quarter = 2.25 %

= 0.0225 per quarter

n=1 year = 4 quarter years

A =p(1+r)ⁿ

= 50000(1.0225)⁴ = 54654.17 /-

ci = A-P = 54654.17-50000 = 4654.17/-

Answer 2

Answer:

4654.17

Step-by-step explanation:

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