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  • Find the compound interest on Rs 128000 for 9 months at 10% per annum, compounded quarterly.

Find the compound interest on Rs 128000 for 9 months at 10% per annum, compounded quarterly.

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Here, P=Rs 128000,R=frac104% per quarter =frac52%

and n=9 months =3 quarters.

herefore , Amount=Rs, 128000 imes(1+frac52 imes100)^3

herefore , Amount=Rs, 128000 imesfrac4140 imesfrac4140 imesfrac4140

herefore , Amount=Rs, 137842

C.I.=(Amount)-(Principal)

C.I.=Rs, (137842-128000)=Rs, 9842

Posted by

Deependra Verma

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