Find the compound interest on rs. 15625 for 9 months at 16% per annum compounded quarterly.
Answers
Answered by
2
Answer:
Rs. 8764
Explanation:
A = P(1+r/100)^n
= 15625(1+16/100)^3
= 15625(29/25)^3
= 15625 × 24389/15625
= Rs. 24389
C.I. = A - P
= 24389 - 15625
= Rs. 8764
Answered by
0
Answer:
Explanation:
Please refer the below attachment.
Attachments:
Similar questions