Question

8. Find the compound interest on 8000 for 1 year at the rate of 12% per annum interest,
compounded quarterly.​

Answer 1

Step-by-step explanation:

P=8000, R%=12, T=1year

A=P(1+r/100)n

A=8000(1+12/100)1

A=8000(120/100)1

A=8000×24/20

A=9600

CI=A-P

CI=9600-8000

CI=1600

hope it helps

Answer 2

16,000 is the answer mate.....

Hope it helps u ☺