Question

find the amount and compound interest on rupees 100000 compounded quaterly for 9months at the rate of 4% p.a.
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Answer 1

Answer:

P (1+ i/n)nt

P = Principal invested.

i = Nominal Rate of Interest.

n = Compounding Frequency or number of compounding periods in a year.

t = Time, meaning the length of time the interest is applicable,

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