Find the compound interest on Rs. 12500 for 9 months at 8% p.a. when the interest is payable
quarterly.
Answers
Answered by
5
Answer:
r=8/4=2℅ quaters
t(n)=9/3=3quaters
A=P×(1+R/100)^n
=12500×(1+2/100)^3
=12500×51/50×51/50×51/50
=12500×132651/125000
=132651/10
=13265.10
C.I= A+ P
=13265.10-12500
=120151 would be the answer
Answered by
0
765.10 is the right answer
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