Find compound interest on Rs.16000 at 20% per annum for 9 months, compounded quarterly.
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Answer:
Step-by-step explanation:
Principal=16000
Time= 9 months
Rate=20%
S.I=P×R×T/100
S.I=1600×20×9/100
S.I.=160×20×9
S.I.=28,800 Answer
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