Question

what will be the interest on rs 1500 after 1 year if interest is compounded quarterly at 9%?​

Answer 1

Answer:

p=1500

p=1500n=9months

p=1500n=9months=9/12

p=1500n=9months=9/12r =4%

p=1500n=9months=9/12r =4%c.i= p[1+p /4]-1

p=1500n=9months=9/12r =4%c.i= p[1+p /4]-1=1500[(1+0.04/4)4*9/12-1]

p=1500n=9months=9/12r =4%c.i= p[1+p /4]-1=1500[(1+0.04/4)4*9/12-1]=1500(1.030301 -1)

p=1500n=9months=9/12r =4%c.i= p[1+p /4]-1=1500[(1+0.04/4)4*9/12-1]=1500(1.030301 -1)=45.4515