find c.i on rs. 16,000 for 9 months at 20% per anuum compounded quarterly
Answers
Answered by
11
Hey There !!
☺☺
Your Answer :-
Given :-
Principal = Rs. 16,000
Rate = 20%
Time,n = 9 months
Now,
Compound Interest
May it helps you
Be Brainly
☺☺
Your Answer :-
Given :-
Principal = Rs. 16,000
Rate = 20%
Time,n = 9 months
Now,
Compound Interest
May it helps you
Be Brainly
Answered by
3
GIVEN
P=16000,
R=20%,
N=9MONTHS=3/4YEARS
AND COMPOUNDED QUATERLY.
FOR COMPOUNDED QUATERLY
AMOUNT = P[1+(R/4)/100]^4N
=16000[1+(20/4)/100]^{4 X (3/4) }
=16 X (21/20)^3
=18522
COMPOUND INTEREST (C.I.) IS
C.I.=AMOUNT - PRINCIPAL
=18522-16000
=Rs 2522............answer :)
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