Question

find the amount and compounded interest on 25,000 for 15 months if the interest compounded quartely at 12 percent per annum​

Answer 1

Step-by-step explanation:

.

P = 2500 rupees

Time = 15 months = 1.25 months

rate of interest = 12% per annum

refer to the drawing inserted for further solution...

Answer 2

Answer:

total amount is 25000 and intrest is

12 % of each month for 15 months

solution :

(25000×12) / 100 = 3000

3000 is the interest of 1 month

now multiplying 3000 with 15 months

3000 × 15 = 45,000 is the total interest of 15 months .