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Find simple intrest on Rs 8000 for 9 month at 16×3+2 |
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Answer» We know formula for compound INTEREST compounded quarterly Amount=P(1+ n r
) nt
CompoundInterest=Amount−Principal Given, principal=Rs8000 Time=9months=9/12months Rate=20% =8000(1+ 4 .2
) 12 9
×4
=8000(1+0.05) 3
=8000(1.05) 3
=8000×1.15762=9261 Amount is Rs9261 Compound interest will be=(9261-8000)=Rs1261 |
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