Question

Find the compound interest on Rs 125000 for 9 months at 8% per annum, compounded quarterly.​

Answer 1

Compound Interest on 125000 at 8 percent per annum is 7500 coz, CI for first quarter is 2500 by the help of the formulae

CI= P×R×T/100

CI=125000×8×3/12×100

Answer 2

Answer:

compound interest = Rs 7651

Step-by-step explanation:

Here, principal = Rs 125000,

rate = 8% per annum = $( \frac{8}{4} )\%$ per quarter = 20% per quarter,

time = 9 months = 3 quarters.

∴ amount = Rs $(12000 \times (1 + \frac{2}{100}) {}^{3} )$

= Rs $(125000 \times \frac{51}{50} \times \frac{51}{50} \times \frac{51}{50} )$

= Rs 132651

∴ compound interest = Rs ( 135251 - 125000 ) = Rs 7651