Manoj lent RS 15000 for 9 month at the rate of 8% per annum compounded quarterly what interest does he receive at the end of 9 months? please step by step.
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Answered by
16
I=P*T*R/100
I =15000*9*8/100
=10,800 IS THE SIMPLE INTEREST HE WILL RECEIVE AFTER 9 MONTHS .
I =15000*9*8/100
=10,800 IS THE SIMPLE INTEREST HE WILL RECEIVE AFTER 9 MONTHS .
Answered by
44
c.i.=P(1+1/4 R/100)^4N
A=15000(1+2/100)^3
15000*102/100*102/100*102/100
15*102*102*102/1000
15918120/1000
15918.120
C.I.=15918-15000
RS.918
A=15000(1+2/100)^3
15000*102/100*102/100*102/100
15*102*102*102/1000
15918120/1000
15918.120
C.I.=15918-15000
RS.918
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