Find the Cost Price for
15, 625 for 9 months at 16% per annum compounded quarterly
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Principal =15,625 Rs Time=9months=3 quarters rate of interest is=16% per annum= 4% per quarter
[15625×(1+4/100)^3]
=[15625×26/25×26/25×26/25]
=[26×26×26]
=17576
CI=(17576-15625) = 1951Rs
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