Question

find the amount and compound interest on rupees 390625 for 9th month at 16% per annum compounded quarterly ​

Answer 1

Answer:

Step-by-step explanation:

16% p.a is 4% per quarter

therefore

compund interest is 31250[(1.04)³-1] i.e 3902

Answer 2

16% p.a is 4% per quarter

∴compund interest is 31250[(1.04)³-1] i.e 3902