Question

Find the compound interest paid on Rs 15625 for 12 months at 16%p.a, the interest is
compounded quarterly

Answer 1

Answer:

PLZ MARK AS BRAINLIEST !

Step-by-step explanation:

P= Rs 15625

n= 12 months= 4 quarters

R= 16% p.a.= 4% per quarter

Amount= (15625*(1+4/100)^3)

=15625*26/25*26/25*26/25

=Rs 17576

C.I.=(17576-15625)

C.I.=Rs 1951