Question

calculate the amount and the compound interest on Rs. 15625 for 9 months at 16% per annum, compunded quarterly?​

Answer 1

Answer:

1951

Step-by-step explanation:

According to the question,

P = Rs. 15625, r = 16% per annum = 16%/4 per quarter = 4% per quarter

n = 9 months = 3 quarters

Amount = P(1 + r/100)n

= 15625(1 + 4/100)3

= Rs. 17576

Interest = A - P = 17576 - 15625 = Rs. 1951

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Answer 2

Answer:

Please check the above attachment. I hope it will be helpful