Question

Calculate the compound interest on ₹2500 for 9 months if the interest is payable quarterly at the rate of 4% per annum

Answer 1

Answer:

Step-by-step explanation:

Answer 2

Heya mate!..

P=2500

T=1year=12months

? years=9 months

=3/4 years..multiplied by 4

3 years .

R%=4/4..

=1%

Now u can calculate the Amount

Amount= P ×101 ×101× 101÷ 100× 100× 100

You'll get ur amount..now subtract the amount and principle you'll get the compound interest..

Hope it helps..

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