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Calculate Compound Interest on Rs 8000 for 9 months at 20 % per annum, compounded quartely . [ Calculator, Method and examples ]

Solution:
Your problem `->` Calculate Compound Interest on Rs 8000 for 9 months at 20 % per annum, compounded quartely .


Here `P = "Rs." 8000, N = 9` months = `3` quarters

`R = 20` % per year = `5` % per quarter

`A = P (1 + R/100)^N`

`= 8000 * (1 + 5 / 100 ) ^ 3`

`= 8000 * ( 105 / 100 ) ^ 3`

`= 9261`


`:. CI = "Rs." (9261 - 8000) = "Rs." 1261`.






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