Question

find the compound interest on rupees 10000 at 20% per annum for 9 months if the interest is compounded quarterly​

Answer 1

Answer:

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Step-by-step explanation:

FIRST SI = 10000×20/100×9/12

= 100×20×9/12

=100×20×3/4

=25×20×3

=1500 rs

Compound interest= (10000+1500)

= 11500rs