Question

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

Answer 1

Answer:

Rs. 998.4

Step-by-step explanation:

Amount = P( 1 + R/N )^NT

Compound interest = Amount - Principal

P = Rs. 8000

R = 16%

T = 9 months = 9/12 year

N = 4

Amount = 8000 x ( 1 + 16/4x100 )^9/12 x 4

8000 x ( 1 + 4/100 )^3

8000 x ( 104/100 )^3

8000 x 1124864/1000000

8 x 1124864/1000

8 x 1124.8

Rs. 8998.4

Compound Interest = A - P

8998.4 - 8000

Rs. 998.4

Hope it helps :)