Question

Find the compound interest on 8000 at 20% per annum for 9 months compounded quarterly

Answer 1

Answer:

1261

Step-by-step explanation:

p=8000

T=9months =3 quarter

R=20%=5%quarter

CI = p (1+R/100)t -p

=8000(1+5/100)3 - Rs 8000

= 8000× 21/20×21/20×21/20- Rs 8000

=9261-8000

=1261

Answer 2

hope it helps you friend...