Question

interest on rupees 8000 at 20% p.a for 9 months, compound quarterly ​

Answer 1

Step-by-step explanation:

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Its rs 1261

How ??

A=P*(1+R/100)^N where

A : Amount to be repaid after 'N' period

P : Principal

N : No of periods (in this case its 3 periods)

R : Rate of interest (in this case its 5% per qtr)

A = 8000*((1+5/100)^3

A = 9261

Interest is 9261 - 8000 = 1261

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Answer 2

Answer:

Step-by-step explanation:

\huge\bf\underline\pink{Answer❤࿐}Answer❤࿐

Its rs 1261

How ??

A=P*(1+R/100)^N where

A : Amount to be repaid after 'N' period

P : Principal

N : No of periods (in this case its 3 periods)

R : Rate of interest (in this case its 5% per qtr)

A = 8000*((1+5/100)^3

A = 9261

Interest is 9261 - 8000 = 1261

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