Math, asked by kareemshaikmsc86, 27 days ago

calculate the compound interest on 3,500 at 16% per annum for 3 years the interest being compounded quarterly

who will give this answer be a brainliest answer please don't give wrong answer I will complain ​

Answers

Answered by EmperorSoul
6

Given:-

 \implies \sf \: P = 3500

 \implies \: \sf R = 16%

 \implies \sf \: Time = 3 Years

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To Find:-

 \implies{ \boxed { \sf{C.I}}}

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Formula To Be Used:-

 \bigstar \sf \: A=P \: (1 +  \frac{R}{m100})^{mt}

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{ \underline{ \rule{300pt}{9pt}}}

Solution:-

 \small \implies \red{ \boxed{\sf{A = 3500(1 +  \frac{16}{3 \times 100})^{3 \times 3}}}}

➪  \: \sf \: 3500( \frac{316}{300} ) ^{9}

➪  \: \sf \: 3500(1.053) ^{9}

\boxed{\bf\pink{A = 5570.87}}

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{ \underline{ \rule{300pt}{9pt}}}

 \sf \: ⌬  \: C.I=A-P

 \implies \sf \: 5570.87 - 3500

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\boxed{\bf\pink{C.I = 2070.87}}

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{ \underline{ \rule{300pt}{9pt}}}

✠ Therefore :

\boxed{\bf\purple{C.I = 2070.87}}

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 \\ {\pink{\underline{\rule{50pt}{9pt}}}}{\red{\underline{\rule{50pt}{9pt}}}}{\purple{\underline{\rule{50pt}{9pt}}}}{\color{cyan}{\underline{\rule{50pt}{9pt}}}}

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