Find the compound interest on rupees 15625 at 16 percent per annum for nine monthswhrn compounded quaterly
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p=15625
r=16%p.a. =16/4 =4 compounded quarterly
t=9/3=3
A=p(1+r/100)n
A=15625(1+4/100)3
15625×26/25×26/25×26/25
=17576
ci=a-p
17576-15625
=1951
r=16%p.a. =16/4 =4 compounded quarterly
t=9/3=3
A=p(1+r/100)n
A=15625(1+4/100)3
15625×26/25×26/25×26/25
=17576
ci=a-p
17576-15625
=1951
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