find the amount and the compound interest on 100000 compounded quarterly for the nine months at the rate of 4% per annum. plzz solve it
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Principle = Rs.100000, Time = 9 months = 3 quarters
Rate = 4% per annum = 1% per quarter
=> Amount = Rs. [100000*(1+1/100)^3)]
= Rs.100000 * 101/100 *101/100 *101/100 = Rs. 103030.1
CI = Rs. (103030.1 - 100000) = 3030.1 Rs
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