Question

denny took a loan of 25600rs to purchase a LCD. find the amount and C.I. he has to pay after 9 months if the rate of interest is 10%p.a reckoned quarterly.​

Answer 1

Answer:

Please check and confirm the answer in the solution given. Please reply if you have anything to say.

Thank you

Answer 2

Answer:

P= $25600

R= 10%

T= 9/12 =3/4 year

n=4

A= P(1+r/n×100)^n×t

A= 25600(1+10/4×100)^4×3/4

A= 25600(400+10/400)^3

A= 25600(410/400)^3

A= 25600×41/40×41/40×41/40

A= 137842/5

A= $27568.4

C.I= A-P

C.I= $27568.4-25600

C.I= $1968.4