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bezimeni [28]
2 years ago
11

Find the compound interest on Rs. 50000 for 9 months at 8 percent per annum compounded quarterly.​

Mathematics
2 answers:
-BARSIC- [3]2 years ago
4 0

Answer:

  • ₹ 3060.40

Step-by-step explanation:

<u>Given:</u>

  • Principal P = ₹ 50000
  • Interest rate r = 8% PA
  • Time t = 9 months = 9*1/12 years = 3/4 years
  • Number of compounds per year n = 4

<u>The amount of interest:</u>

  • I = P*(1+r/n)^{nt} - P
  • I = 50000*(1+8/4*1/100)^{4*3/4}-50000= 3060.40
raketka [301]2 years ago
4 0

Answer:

Rs. 3060.4

Step-by-step explanation:

\sf{ A = P \times (1 + \frac{r}{n})^{nt} }

\sf{ A = 50000 \times (1 + \frac{8}{4} \times \frac{1}{100} )^{4 \times \frac{3}{4}} }

\sf{ A =53060.4 }

.

<u>compound interest</u>

\sf{ Ci = A - P}

\sf{ Ci = 53060.4 - 50000}

\sf{ Ci = 3060.4 }

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