Question

find the compound interest on the sum of 12000 at the rate of 8% per annum for 1 year compounded quarterly

Answer 1

Hello dear your answer....


Using formula
P(1+r\100^n
principle=12000
Rate=2%(because of quarterly)
And year=3years .

12000(1+2/100)^3
12000(1+1/50)^3
12000(51/50×51/50×51/50(0 has been cancelled).
12000×51/5×51/5×51/5
1591812/125.
A=12734.496
CI=A-p
12734.496-12000
CI=734.496..



thanks!

Answer 2

Answer:

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