Question

Find the compound interest on rs 4000 at the ratr of 6%annually for 9 month

Answer 1

Interest is compounded annually.
Since time is less than 1 year, the compound interest is same as simple interest.

P = 4000
R = 6%
T = 9/12 years

SI = PRT/100

= 4000×6×(9/12) / 100

= 4000×6×9 / (12×100)

= 180

Compound interest = 180

Answer 2

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Interest is compounded annually.

Since time is less than 1 year, the compound interest is same as simple interest.

P = 4000

R = 6%

T = 9/12 years

SI = PRT/100

= 4000×6×(9/12) / 100

= 4000×6×9 / (12×100)

= 180

Compound interest = 180

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