Question

Find the compound interest on Rs. 2000 for 9 months at 40% per annum compounded quarterly​

Answer 1

Answer:

2000 x 1.331 = Rs. 2662. The compound interest payable for 9 months a 40% p.a. compounded quarterly is Rs. 662.

Step-by-step explanation:

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Answer 2

$compound \: interest = \frac{prt}{100}$

$p = 2000$

$r = 40 \: percentage \\ = \frac{40}{100}$

$t = 9 \:$

$\frac{2000 \times 9 \times 40}{100} \\ = \frac{720000}{100} \\ = 7200$

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