Question

Find the compound interest on rs 15625 for 9 months at 16% per annum compounded quarterly

Answer 1

Answer:

$a = p(1 + r \div n) ^{2} \\ a = 15625(1 + 16 \div 0.9) ^{2} \\ a = 15625(18.7777778) ^{2} \\ a = 15625 \times 352.604939 \\ a = 5509452.17$

hope you get me my friend

Answer 2

Answer:

Explanation:

Please see the attached file.