Question

Find the
c. I on rs. 5625 for 9 months at 16% p.A compounded quarterly? Select one:
a. Rs.851
b. Rs.941
c. Rs. 961
d. Rs 702

Answer 1

C.I= P×R×T/100

= 5625×16×9/100

= 5625×4×9/25

= 225×4×9

=8910

Therefore the answer is 8910

Answer 2

Option 'd' is correct.

Step-by-step explanation:

Since we have given that

Principal = Rs. 5625

Rate of interest = 16% p.a.

Number of months = 9 months

So, we need to find the value of compound interest:

$A=P(1+\dfrac{r}{400})^{4n}\\\\A=5625(1+\dfrac{16}{400})^{4\times \dfrac{9}{12}}\\\\A=5625(1+\dfrac{1}{25})^3\\\\A=5625(\dfrac{26}{25})^3\\\\A=6327.36$

Now, Compound interest = Amount - Principal

C.I. = 6327.36-5625=702.36

Hence, Option 'd' is correct.

# learn more:

Find the C. I on Rs. 5625 for 9 months at 16% p.a compounded quarterly.

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