Question

Find the compound interest on rupees 8000 for 6 month at 20% per annum compounded quarterly.​

Answer 1

Answer:

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Answer 2

Answer:

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and here is your answer

Step-by-step explanation:

Principal (p) = Rs 8000 Rate (r) = 20 % = 20/4 = 5% (for quarterly) Time = 9 months = 9/3 = 3 (for quarter year) By using the formula, A = P (1 + R/100) n = 8000 (1 + 5/100)3 = 8000 (105/100)3 = Rs 9261 ∴ Compound Interest = A – P = Rs 9261 – Rs 8000 = Rs 1261Read more on Sarthaks.com - https://www.sarthaks.com/669558/find-the-compound-interest-on-rs-8000-for-9-months-at-20-per-annum-compounded-quarterly