Find the compound interest on rs 8000 at 20 percent p.A compounded qua

1.	Find the compound interest on rs 8000 at 20 percent p.A compounded quarterly
Answer» Answer: Step-by-step EXPLANATION: p=8000 T=9months =3 quarter R=20%=5%quarter CI = p (1+R/100)t -p =8000(1+5/100)3 - Rs 8000 = 8000× 21/20×21/20×21/20- Rs 8000 =9261-8000 =1261

Find the compound interest on rs 8000 at 20 percent p.A compounded quarterly

Answer»

Answer:

Step-by-step EXPLANATION:

p=8000

T=9months =3 quarter

R=20%=5%quarter

CI = p (1+R/100)t -p

=8000(1+5/100)3 - Rs 8000

= 8000× 21/20×21/20×21/20- Rs 8000

=9261-8000

=1261

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Find the compound interest on rs 8000 at 20 percent p.A compounded quarterly

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