Find the amount of Rs. 15625 in 9 months at 16% per annum, when the interest is compounded quarterly.
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Answered by
17
Answer:
Hey!
Step-by-step explanation:
P= Rs 15625
n= 9 months= 3 quarters
R= 16% p.a.= 4% per quarter
Amount= (15625*(1+4/100)^3)
=15625*26/25*26/25*26/25
=Rs 17576
C.I.=(17576-15625)
C.I.=Rs 1951
Answered by
19
Answer:
17576
Step-by-step explanation:
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