Question

Find the amount and compound interest @ 10% per annum and for 1.5 years on the amount of rupees 8000 when compounded quarterly.​

Answer 1

Answer: A = 9277.54, C.I = 1,277.54

           

Step-by-step explanation:

A = P(1+R/4/100)^4n

A = 8000(1+10/4/100)^4x3/2

A = 8000(41/40)^6

A = 9277.54

C.I = A-P = 9277.54 - 8000 = 1,277.54