Find the compound interest on p 8.000
at 10% per annum Compounded quarterly
for 1 year
Answers
Answered by
0
Answer:
Rs1261
Step-by-step explanation:
We know formula for compound interest compounded quarterly
Amount=P(1+
n
r
)
nt
CompoundInterest=Amount−Principal
Given,
principal=Rs8000
Time=9months=9/12months
Rate=20%
=8000(1+
4
.2
)
12
9
×4
=8000(1+0.05)
3
=8000(1.05)
3
=8000×1.15762=9261
Amount is Rs9261
Compound interest will be=(9261-8000)=Rs1261
Answered by
0
Answer:
and your answer is 1261 rupees
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