Find the amount on ₹15625 in 9months at the rate of 6%per annum when the interest is compounded annually
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Answer:
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
Step-by-step explanation:
ragavarshini3:
So late
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