Find the compound interest on Rs 8000 for 9 month at 20% per annum compounded quarterly.
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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
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
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