Question

find the compiund interest on rs 6950 @12 % for 1 year and 9 months while the interest is due quarterly​

Answer 1

Answer:

HERE IS YOUR ANSWER

Step-by-step explanation:

Here, P=6,000 , R=9%=

100

9

=0.09 and n=18months=

12

18

=

2

3

years.

Amount after 2 years =P(1+

2

r

)

2n

=6,000(1+

2

0.09

)

2

2

3

=6000(1+0.45)

3

=6,000×1.45

3

=18291.75

∴Amount=18291.75

∴C.I=A−P=18291.75−6000=12,291.75

C.I=12,291.75