find the amount and interest on rupees 24000 for 9 months, begin given that interest is compounded quarterly @ 20 Paisa a Rupee per annum
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Answer:
Amount = 29127.1 and C.I. = 5127.1
Step-by-step explanation:
Amount = 24000[1+20/300]raise to power 3
=24000[16/15]raise to power 3
= 24000 x 4096/3375
=29127.1
C.I = Amount - Principal
=29127.1 - 2400
=5127.1
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