Question

Find the compound interest on
Rs 125000 for 9 months at 8%
p.a., Of interest being
compounded quarterly​

Answer 1

Step-by-step explanation:

Solution :

Here, Principle =Rs.125000

rate = 8%P.a

=> (84)%P.a =2% per quarter

Time = 9 months

=3 quarters

Amount =Rs.{125000×(1+2100)3}

=>Rs.(125000×5150×5150×5150)

=> Rs.132651

Compound Interest =Rs.(132651−125000)

=Rs.7651

Answer : 7651