please answer the 8th questions
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Sum = ₹1400
Time = 9/12 = 9/12 * 4 = 3 quarters
Rate = 12% = 12/4 = 3% quarterly
Compound interest = P[(1 + r/100)^n - 1]
➡ 1400[(1 + 3/100)^3 - 1]
➡ 1400[(103/100)^3 - 1]
➡ 1400[1092727/1000000 - 1]
➡ 1400 * 92727/1000000
➡ ₹129.81
Time = 9/12 = 9/12 * 4 = 3 quarters
Rate = 12% = 12/4 = 3% quarterly
Compound interest = P[(1 + r/100)^n - 1]
➡ 1400[(1 + 3/100)^3 - 1]
➡ 1400[(103/100)^3 - 1]
➡ 1400[1092727/1000000 - 1]
➡ 1400 * 92727/1000000
➡ ₹129.81
amrit12346:
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Hope it will help you.
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