Question

find th C I on ₹15625 for 1 year at the rate of 16 %per annum ,if interest is compounded quarterly​

Answer 1

Answer:

Compound Interest = Rs. 12960

Step-by-step explanation:

Given:- P = Rs. 12000

R = 8 percent

T = 1 year

Simple Interest = P*R*T/1000

Simple Interest = 12000*8*1/100

n=4

To find :- CI = ?

Solution:- A = P(1+r/n) ^nt

A = 12000(1+0.08/4)^4*1

A = 12000(4.08/4)^4

A = 12000 * 1.08

A = Rs . 12960

Hence, Compound Interest is Rs. 12960