Question

Find the compound interest on Rs 16000 for 9
months at the rate of 20% if interest is compounded every three months?​

Answer 1

Answer:

Hey mate!!

this is ur answer

Step-by-step explanation:

Principal = Rs. 16000; Time = 9 months =3 quarters;

Rate = 20% per annum = 5% per quarter.

Amount = Rs. [16000 x (1+(5/100))3] = Rs. 18522

CJ. = Rs. (18522 - 16000) = Rs. 2522

Hope it will help u.