anonymous
  • anonymous
Find the compound interest on Rs.12000 at 20% per annum, for 9 months, compounded quarterly.
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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ganeshie8
  • ganeshie8
3 months = 1 quarter There are four quarters in one year. So the quarterly interest rate is 20%/4 = 5%
ganeshie8
  • ganeshie8
does that help you get started ?
anonymous
  • anonymous
Shouldn't it be 12000(1 + 20/100)^9 x 4/12 ? @ganeshie8

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