1.

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

Answer»

Principal = Rs. 16000; Time = 9 months =3 QUARTERS;

RATE = 20% per annum = 5% per QUARTER.

Amount = Rs. [16000 x (1+(5/100))3] = Rs. 18522.

CJ. = Rs. (18522 - 16000) = Rs. 2522.

Principal = Rs. 16000; Time = 9 months =3 quarters;

Rate = 20% per annum = 5% per quarter.

Amount = Rs. [16000 x (1+(5/100))3] = Rs. 18522.

CJ. = Rs. (18522 - 16000) = Rs. 2522.



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