Find the compound interest on 50,000
at 9% for 1 year compounded quarterly.
Answers
Answered by
5
Answer:
p=50,000
R=9%=9/4
T=1year
S.I.=P×R×T/100
=50000×9×1/100×4
=1125
A=50000+1125
=51,125
C.I=51125-50000
= 1,125ANS
Similar questions