find the compound interest on ₹10 000 for 1 year and 3 months at 8 p.a. compounded annually
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To find compound interest when interest is compounded quarterly, we use the following formula :
A = P ( 1 + R/4 )4n and C.I. = A – P
Where, P = Principal
R = Rate of interest p.a (per)
annum i.e annually)
n = number of year
I u done now given by hint
plz mark now
A = P ( 1 + R/4 )4n and C.I. = A – P
Where, P = Principal
R = Rate of interest p.a (per)
annum i.e annually)
n = number of year
I u done now given by hint
plz mark now
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