Math, asked by atharvapatel1937, 8 months ago

find the compound interest on Rupees 1500 for 9 months at 12% per annum the interest compounded quarterly​

Answers

Answered by alexcube1998
12

Answer:

as it is compounded quarterly,

P = $1,500

R = 12% = (12/4)% = 3%

T = 9 months = 9/3 = 3 months

ATQ,

amount = p(1+r/100)^n

= 1500( 1 + 3/100)^ 3

= 1500( 103/100)^3

= 1500* 103*103*103/1000000

= 1639.09050

compound interest = A - P

= $( 1639.09050 - 1500)

= $ 139.09050

hope it maybe helpful!!

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