Question

find the compound interest on 80000 at 15%p.a for 1 year, if the compound interest is compounded after every 4 months​

Answer 1

Answer:

so, the answer is ₹12,610

Step-by-step explanation:

Rate=15%(15%-12=3

4-x) =5%

Time=12 months

3×(4months)

compound interest =80,000(1+R/100)n

=80,000(1+5/100)³

=80,000×105×105×105/100×100×100

= 92610

CI=Amount-Principal

=92610-80000

=12610