Question

At what rate per annum will Rs. 32000 yield a
compound interest of Rs. 5044 in 9 months interest
being compounded quarterly?​

Answer 1

Answer:

20%

Step-by-step explanation:

let the rate of per annum

:.CI=[R(1+R/100)t-1]

=>5044=32000[(1+R/400)3-1]

[:.Interest is compound quaterly]

=> 5044/32000=(1+R/400)3-1

=> (1+R/400)3-1=1261/8000

=> (1+R/400)3=1+1261/8000

=> (1+R/400)3=9261/8000=(21/20)3

1+R/400=21/20

=> R/400=21/20-1

R/400=1/20

R=400/20=20%

Answer 2

Answer:

hogi ito uth trust icono OTOH irony