principal 12500 rate 8% time 6 montha compounded quartarly
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Answer:
Principle =Rs.12500, Time period =9 months
1 quarter =3 months
3 quarter =9 months
Time period =3 quarters
Rate of Interest =8% per annum
1 annum =4 quarters
Rate of Interest =2% per quarter
Amount = Principle ×[1+
100
Rate of Interest
]
Time period
=12500×[1+
100
2
]
3
=12500×(1.09)
3
Amount=Rs.13265
Compound Interest=Amount − Principle
=Rs.13265−Rs.12500
Compound Interest=Rs.765
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