Question

Find the compound interest on ₹6250 at 16% p.a for six months when the interest is compounded quarterly

Answer 1

Answer:

ignore the figure above ...ur ans is there

Answer 2

Answer:

the required compound interest is Rs 1,951.

Step-by-step explanation:

Given: P=Rs 15,625R=16%=164=4%

quarterlyn=9 months=3 quarters

We know that:A=P1+R100n   =Rs 15,6251+41003  

=Rs 15,6251.043  

=Rs 17,576Also,CI=A-P  

=Rs 17,576-Rs 15,625  

=Rs 1,951Thus, the required compound interest is Rs 1,951.