Question

compute the compound interest on rupees 8000 for 1 year at 20% annum compounded quarterly​

Answer 1

Answer:

follow karo like karo math solution

Answer 2

$\huge \color{cyan} \boxed{ \colorbox{black}{AnsWer}}$

Amount is Rs 9261

Step-by-step explanation:

We know formula for compound interest compounded quarterly

$\pink{Amount=P(1+ \frac{r}{n} )nt}$

Compound Interest = Amount − Principal

Given,

principal = Rs8000

Time = 9 months = 9/12months

Rate=20%

$\green{=8000(1+ \frac{2}{4} ) \frac{9}{12} \times 4}$

$\red{=8000(1+0.05) {}^{3} }$

$\purple{=8000(1.05) {}^{3} }$

$\blue{=8000×1.15762=9261}</p><p>$

Amount is Rs9261

Compound interest will be=(9261-8000)=Rs1261