Question

Find the compound interest on ₹50000 for 9 months at 8% per annum compounded quarterly​

Answer 1

Answer:

p=?

t=9 months

r=8%

i=₹50000

i= ptr

____

100

50000=p×9×8

______

100

50000=72p

____

100

i=0.72

Answer 2

Step-by-step explanation:

principal= 50000

time= 9 months

rate= 8%

compounded quarterly

time in quarterly = 9/3=3months

rate is= 8/4=4%

A= 50000(1+4/100)^3

A= 50000(104/100)^3

A= 50000( 26/25)^3

A= 50000(26/25*26/25*26/25)

A=56243.2

compound interest= 56243.2-50000=6243.2