how to calculate compound interest if the time is in fraction , principal = 10,000, Rate of interest 8.5 , time period = 1 year 3 months. Compounded annually
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Answered by
3
1 year 3 months = 15 months
= 1.25 years
= 1.25 years
vjssrk:
so what is the compound interest ,
for 12 months interest is clear, from 13th to 15th month will it be SI or CI
Answered by
12
Hey dear
here is your answer
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