Question

Find the compound interest on 10,000 for
9 months at 12% per annum compounded
quarterly.​

Answer 1

Answer:

Hiiii mate! Here's your answer:

given p = 10000

R = 12%

n = to 9 months = to 3 / 4 year

for compound quarterly

amount = P( 1 + R / 4 × 10 )^ 4n

= 10,000 ( 1 + 12 / 4 × 10 ) ^ 4×3/4 years

= 10000 ( 1 + 0.03) ^3

= 10927.27

compound interest = amount - principal

= 10927.27 - 10000

= 927.27

Step-by-step explanation:

Hope it helps

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