Question

c) Find the compound interest on Rs. 16000 at 20% per annum for 9 months, compounded
quarterly​

Answer 1

Answer:

Faballey customer/care/number/

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Answer 2

Answer:

18522

Step-by-step explanation:

Principal = Rs. 16000; Time = 9 months =3 quarters;

Rate = 20% per annum = 5% per quarter.

Amount = Rs. [16000 x (1+(5/100))3] = Rs. 18522.