Find the compound interest on rs.16,000 at 20% per annum for 9 months, compounded quarterly
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let convert rate and time for quarterly
20*1/4=5quaters
9*1/3=3quarters
A=P(1+r/100)^n
(16000*120/100*120/100*120/100)
16000*6/5*6/5*6/5
128*6*6*6
128*216
27648=amount
ci=27648-16000
ci=11648. answer
20*1/4=5quaters
9*1/3=3quarters
A=P(1+r/100)^n
(16000*120/100*120/100*120/100)
16000*6/5*6/5*6/5
128*6*6*6
128*216
27648=amount
ci=27648-16000
ci=11648. answer
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