Math, asked by parthshelke12, 1 day ago

Calculate the compound interest on ` 40,000 for 9 months at the rate of 20 % per annum, when the interest is compounded quarterly.

Answers

Answered by sonikhatri6470

3

Answer:

6000

Step-by-step explanation:

CI = p( 1+ r ÷ 100 ) n -1

40000( 1+20÷100) 9by12 -1

40000 ( 120 ÷ 100) 9by12-1

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