English, asked by anshiyadav56, 5 months ago

find the compound interest on a sum of rupees 12000 at the rate of 8% per annum for 1 year compunded quareterly

Answers

Answered by Akkasshhhh

1

The interest rate per annum is 8%

so for per quater will be 2 % and thus tenure will be 4

thus Amount = 12000x 102x102x102x102/ 100000000

= 12989.185

thus CI = 989.19

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