The compound interest on a sun of Rs. 5000 at 8% per annum for 9 months when interest is compunded quarterly
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Answer:
In one year there are '4' quaterly month
for 9 month−3 quater
New rate=84=2 %
2
Total CI=300+6.04
= Rs.306.04
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Step-by-step explanation:
the answer of the question is Rs. 306.04
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