find the CI on Rs 125000 for 9 months at 8% for annum compounded quarterly
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Answered by
0
Answer:
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Step-by-step explanation:
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Answered by
0
Answer:
7651
Step-by-step explanation:
Given, P=125000,
As compounded quarterly R=48=2%
Time =9 months=129 years =129×4quarters =3 quarters
We know, Amount =A=(1+100R)n
A=125000[1+(1002)]3= Rs. 132651
C.I = Rs. [132651−125000]= Rs. 7651
Hope it's helpful.
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