Question

find the compound interest on Rs 8000 for 1 year at 12%per annum compounded quarterly.

Answer 1

Amount- P(1+r/400)4t
A- 8000(1+12/400)4
A=8000(412/400)^4
A=8000(103/100)^4
A=9004.1

CI=A-P
CI=1004.1

Answer 2

Step-by-step explanation:

Amount= p(1+r/100)4t

= 8000(1+12/400)4

= 9004.1

Hope it will be helpful ✌️