Find The Compound Interest On Rs.16, 000 At 20% Per Annum For 9 Month – InterviewSolution

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1.

Find The Compound Interest On Rs.16, 000 At 20% Per Annum For 9 Months, Compounded Quarterly?

Answer»

PRINCIPAL = RS.16, 000;

Time=9 months = 3 quarters;

Amount = Rs. [16000x (1+5/100)³]

= [16000x21/20x21/20x21/20]

= Rs.18522.

C.I = Rs. (18522 - 16000)

= Rs.2522.

Principal = Rs.16, 000;

Time=9 months = 3 quarters;

Amount = Rs. [16000x (1+5/100)³]

= [16000x21/20x21/20x21/20]

= Rs.18522.

C.I = Rs. (18522 - 16000)

= Rs.2522.

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