find the compound interest on a sum of rupees 12000 at the rate of 8% per annum for 1 year compounded quarterly
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Answer:
principal= RS.12000/-
time=1 year
rate of intrest=R=8%
compound quaterly =r/4=8/4
=n= 2
A=P*(1+R/100)power n
A=12000*(108/200) ²
A=13996.8/-
compound intrest=13996.8-12000=1996.8/-
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