Question

The compound interest on Rs
16000 for 9 months at 20 percent per annum interest being compounded quarterly, is.

Answer 1

Principal = Rs. 16000; Time = 9 months =3 quarters;

Rate = 20% per annum = 5% per quarter.

Amount = Rs. [16000 x (1+(5/100))3] = Rs. 18522.

CJ. = Rs. (18522 - 16000) = Rs. 2522

Answer 2

Answer:

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Step-by-step explanation:

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