Question

Find the
c. I on rs. 5625 for 9 months at 16 percent p.A compounded quarterly?

Answer 1

Answer:

₹702.36

Step-by-step explanation:

Since we know that the time becomes four times and the rate becomes one-fourth, if the interest is compounded quarterly,

∴,        t = 9 × 4 months

            = 36 months

            = 3 years

and,  R = 16 ÷ 4 %

            = 4% p.a.

         P =  ₹5625

         A $=P(1+\frac{R}{100})^{n}$

         $A=5625(1+\frac{4}{100})^{3} \\A=5625(\frac{26}{25})^3$

          A=6327.36

        C.I.= 6327.36-5625

             =₹702.36

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