Question

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

Answer 1

Answer:342

Step-by-step explanation:no explanation

Answer 2

Answer:

4800rs

Step-by-step explanation:

formula =

A=p(1+rt/100)

A=P+I

P+I+P(1+rt/100)

8000+I=8000(1+20*3/100)             (quarterly means 4 times per year ,but said only for 9 months .So time t is 3)

I=4800rs