Let us write by calculating compound interest 6250for 9 months at the

1.	Let us write by calculating compound interest 6250for 9 months at the rate of 10% compound interestper annum compounded at the interval of 3 months
Answer» Answer: Step-by-step explanation: We know that if the rate of compound INTEREST is r% per annum and the interest is COMPOUNDED quarterly, the number of phase of compound interest in a year is 4, then the amount for n years From given, p = ₹6250, r = 10 and years ∴ Amount for 9 MONTHS or 3/4 year = ₹6730.56 ∴ Compound interest for 9 months = ₹6730.56 - ₹6250 = ₹480.56

Let us write by calculating compound interest 6250for 9 months at the rate of 10% compound interestper annum compounded at the interval of 3 months

Answer»

Answer:

Step-by-step explanation:

We know that if the rate of compound INTEREST is r% per annum and the interest is COMPOUNDED quarterly, the number of phase of compound interest in a year is 4, then the amount for n years

From given, p = ₹6250, r = 10 and years

∴ Amount for 9 MONTHS or 3/4 year

= ₹6730.56

∴ Compound interest for 9 months = ₹6730.56 - ₹6250

= ₹480.56

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Let us write by calculating compound interest 6250for 9 months at the rate of 10% compound interestper annum compounded at the interval of 3 months​

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Let us write by calculating compound interest 6250for 9 months at the rate of 10% compound interestper annum compounded at the interval of 3 months