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The Compound Interest On Rs 16000 For 9 Months At 20% P.a Compounded Quarterly Is? |
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Answer»
PER quarter, t = 3 quarters C.I = Rs [16000 × (1+ 5/100)3-16000) = Rs [16000 × 21/20 ×21/20× 21/20- 16000) =Rs (18522-16000)=Rs 2522. P = Rs 16000, R = (10/2)% per quarter, t = 3 quarters C.I = Rs [16000 × (1+ 5/100)3-16000) = Rs [16000 × 21/20 ×21/20× 21/20- 16000) =Rs (18522-16000)=Rs 2522. |
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