Question

how much would a sum of ₹20000 amount at 12% for 9 months if the interest is being compounded quarterly​

Answer 1

Answer:

Amount. 2oooo

Qly int.2oooox3/1oo=600

Total. 20600

Olyint.2o600x3/loo=618

Total. 21218

Qly int.=21218x3/loo=636.54

Total-, Rs 21854.54

Answer 2

Amount becomes Rs. 21854.54 in 9 months.

Step-by-step explanation:

Since we have given that

Principal = Rs. 20000

Rate of interest = 12%

Number of months = 9 months

So, it becomes,

$A=P(1+\dfrac{r}{400})^{4n}\\\\A=20000(1+\dfrac{12}{400})^{4\times \dfrac{9}{12}}\\\\A=20000(1+0.03)^3\\\\A=20000(1.03)^3\\\\A=Rs.\ 21854.54$

Hence, Amount becomes Rs. 21854.54 in 9 months.

# learn more:

Find the compound interest on rs 2000 for 9 months at 12%p.a the interest being compounded quarterly

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