Principal - 95000
Rate of interest - 7.25
Time
5 years
find compound Interest
of compounded
quaterly
Answers
Answered by
0
Answer:
95012.25
Step-by-step explanation:
I hope my ans is right
Answered by
0
C.I ( quaterly)=p[1+(R/4)/100]^4n
therefore given p=95000
R=7.25
n=5years
C.I=95000[1+(7.25/4)/100]^4(5)
=95000[1+1.8125/100]^20
=95000[1+0.018125]^20
=95000[1.018125]^20
=95000(1.43226056)
C.I=136064.7532
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