Math, asked by jayHP33, 11 months ago

Calculate the compound interest on
*24,000 for 9 months at 20% per annum,
compounded quarterly.

Answers

Answered by shreyasunilmorajkar2

10

Answer:3783

Step-by-step explanation:

Given

P=24000

R=20%

T=9 months=3/4

To find

CI

Soln:

24000*20*1/100*4

I=1200

A=25200

2 yr:

25200*20*1/100*4=1260

A=26460

3 yr:

26460*20*1/100*4=1323

A=27783

Total CI=1200+1260+1323

=3783

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