Question

find the compound interest on rupees 31250 for 9th months at 16 % interest per annum compounded quarterly​

Answer 1

Answer:

here your answer....

Step-by-step explanation:

we know that compound interest

compounded Quaterly

CI=p([1+R/3/100]^3}-1)

here

p=price

R=rate of interest

CI=31250[1+16/3/100]^3}-1)

=31250[(1+16/300) ^3}-1]

=31250[316/300) ^3}-1]

=31250[(79/75) ^3}-1]

=31250(493039/421875-1)

=31250[(493039-421875)/421875]

=31250×71164/421875

=5271.407