Question

p=₹8000 r=16% t=9months find compound quarterly​

Answer 1

Answer:

We know formula for compound interest compounded quarterly

Amount=P(1+

n

r

)

nt

CompoundInterest=Amount−Principal

Given,

principal=Rs8000

Time=9months=9/12months

Rate=20%

=8000(1+

4

.2

)

12

9

×4

=8000(1+0.05)

3

=8000(1.05)

3

=8000×1.15762=9261

Amount is Rs9261

Compound interest will be=(9261-8000)=Rs1261

Answer 2

Compound interest = P( 1 + r/100 )4n
= ₹ 9261
Amount = ₹9261
C.I = amount- principle
= ₹9261 -₹8000
= ₹1261
Hope it helps you