find the compound interest on rupees 8000 for 1 year at 20% per annum compound quarterly.
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Answered by
5
Answer:
₹1724.05
Step-by-step explanation:
t=1 year =4 quarters
r=20%=20/4=5%
p=8000
formula=A=P(1+R/100)^T
QUATERLY=A=P(1+R/400)^4T
A=8000(1+5/100)^4
=8000×21/20×21/20×21/20×21/20
=9261×21/20
=₹9724.05
=AMOUNT=₹9724.05
CI=₹9724.05-₹8000=₹1724.05
Answered by
1
Answer:
formula is given above kkkk
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