Find the compound interest on Rs. 12500 at 8 | vedclass

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Question

Because amount compound quarterly

So, Year $=$ year $	imes 4,$ Rate $=\frac{	ext { rate }}{4}$

$	herefore$ year $=\frac{9}{12} 	imes 4=3$ ye

Vedclass · Accepted Answer

$765$

Vedclass · Answer

Because amount compound quarterly

So, Year $=$ year $	imes 4,$ Rate $=\frac{	ext { rate }}{4}$

$	herefore$ year $=\frac{9}{12} 	imes 4=3$ years, rate $=\frac{8}{4}=2 \%$

$	herefore C I=12500\left[\left(1+\frac{2}{100}ight)^{3}-1ight]=\operatorname{Rs} .765$

Find the compound interest on $Rs. 12500$ at $8 \%$ per annum for $9$ months compounded quarterly (In $Rs.$)

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