find the compound interest on 32,000 for 9 months at 10% P A if the interest is being compounded quarterly
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P = 32000
T = 3/4 years
n = 4 ( as it is compounded quarterly)
R = 10% = 0.1
A = P(1+R)^{nT}
A = 32000(1+0.1)^{4×3/4}
A = 32000(1.1)^3
A = 42592
Compound interest = 42592-32000 = ₹ 10592
Vaiarathe:
Why did you report it? Is the answer wrong?
it was by mistake
sorry for that
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