Question

find the compund intrest on ₹125000 at 8% per annum for 2¾ years​

Answer 1

Given, P=125000,

As compounded quarterly R= 4/8 =2%

Time =9 months= 12/9 years = 12/9 ×4quarters =3 quarters

We know, Amount =A=(1+100/R ) n

A=125000[ 1+( 100/2] )3

= Rs. 132651

C.I = Rs. [ 132651−125000 ]= Rs. 7651

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