Question

What is the compound interest on a sum of Rs. 1250 for 9 months at 6% per annum, if the interest is compounded 3-monthly? (Nearest to Rs. 1)​

Answer 1

Answer:

compound interest CI=Rs.57.09

Step-by-step explanation:

Answer 2

Interest will be equal to 76.51

Step-by-step explanation:

We have given principal amount P = 1250

Time is given t = 9 months

Rate of interest r = 6 %

It is given that interest is compounded 3 monthly

So total period $=\frac{9}{3}=3period$

And rate of interest = $=\frac{6}{3}=2%\frac{x}{y}$

Amount is given by

$A=P(1+\frac{r}{100})^n$

So $A=1250(1+\frac{2}{100})^3=1250\times 1.061=1326.51$

So interest will be equal to 1326.51-1250 = 76.51

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Find the compound interest for RS 26736 for 3/4 year at 16% per annum interest payable at three monthly​

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