what is the compound interest on rupees 4000 for 9 month at 6% per amount if the interest is calculated quarterly
Answers
Answered by
7
Answer:
Step-by-step explanation:
p=4000,n=9 month,r=6%
n=9/12 means 1year=12
a=4000[1+1/4(6/100)]^{4*3/4}
=4000[1+6/400]^{3}
=4000[406/400]^{3}
=4000*406/400*406/400*406/400
=41822.13/10
=4182.313
ci=a-p
=4182.313-4000
=182.313
Attachments:
Similar questions