Question

find the compound interedt on ₹10625 on the rate 24% per annum for 9 months if the interest is compounded quarterly.
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Answer 1

Answer:

10625× 24/100 = 2550

2550 ÷ 4( for quaterly ) = 637.5

637.5×3( 9month = 3 quarter)= 1912.5 answer