Calculate the compound interest on ₹ 20,000 for 9 months at the rate of 4% per annum, when the interest is compounded quarterly.
Answers
Answered by
4
Answer:
Principal,p=20000
Rate,r=4%
Time,t=3
a=p(1+r/100)^n
a=20000(1+4/100)^3
a=20000×104/100×104/100×104/100
a=22497.28
ci=a-p
=22497.28-20000
=2497.28
Answered by
0
Answer:
it's wrong... the answer should be 1350
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