calculate the amount and ci on 12500 for 2 years at 8% p. a​

Question

calculate the amount and ci on 12500 for 2 years at 8% p. a​

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Sophia 1 month 2021-09-22T21:48:31+00:00 1 Answer 0 views 0

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    2021-09-22T21:50:08+00:00

    Answer:

    hope it’s helpful took too much time to write pls mark as brainliest

    Step-by-step explanation:

    Principle =Rs.12500, Time period =9 months

    1 quarter =3 months

    3 quarter =9 months

    Time period =3 quarters

    Rate of Interest =8% per annum

    1 annum =4 quarters

    Rate of Interest =2% per quarter

    Amount = Principle×[1+ rate of intrest/100]^time period

    = 1250×[1+2/100]^3

    =12500×(1.09)^3

    Amount=Rs.13265

    Compound Interest=Amount − Principle

    =Rs.13265−Rs.12500

    Compound Interest=Rs.765

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