Question

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Q. Find the compound interest on ₹125,000 for 9 months at 8% per annum, compound quarterly.
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Answer 1

Answer:

7651

Step-by-step explanation:

p=125000

t=9 months

r=8%

n=3/4×4=3

Amount=125000×(1+8/4/100)^3

=125000×(102/100)^3

=125000×(51/50)^3

=(125000×51×51×51)/(50×50×50)

=51×51×51

=132651

CI= Amount-Principal= 132651-125000=

7651

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