Question

Find the compound interest on rs 8000 at 20 percent p.A compounded quarterly

Answer 1

Answer:

Step-by-step explanation:

p=8000

T=9months =3 quarter

R=20%=5%quarter

CI = p (1+R/100)t -p

=8000(1+5/100)3 - Rs 8000

= 8000× 21/20×21/20×21/20- Rs 8000

=9261-8000

=1261