Math, asked by naman9475, 5 months ago

find the compound interest at 15625 for 9 months at 16% per annum compounded annually

Answers

Answered by rosebabu630gmailcom

1

Answer:

1951Rs

Step-by-step explanation:

Principal=15625 Rs.

Time=9 months=3 Quarters

Rate of interest=16 %=4% per quarter

Amount=15625×(1+

100

4

)

3

⇒15725×

100

104

×

100

104

×

100

104

⇒15725×

100

24

×

100

24

×

100

24

⇒17567Rs.

C.I.=17567−15625=1951Rs.

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