Given details are, Show
Principal (p) = Rs 15625 Rate (r) = 16% per annum = 16/4 = 4% (quarterly) Time (t) = 9 months = 9/12 ×4 = 3quarters of a year By using the formula, A = P (1 + R/100) n = 15625 (1 + 4/100)3 = 15625 (104/100)3 = Rs 17576 ∴ CI = Rs 17576 – 15625 = Rs 1951 RD Sharma Solutions Class 8 Mathematics Solutions for Compound Interest Exercise 14.2 in Chapter 14 - Compound InterestQuestion 26 Compound Interest Exercise 14.2 Find the compound interest on Rs. 15625 for 9 months, at 16% per annum,compounded quarterly. Answer: Given details are, Principal (p) = Rs 15625 Rate (r) = 16% per annum = 16/4 = 4% (quarterly) Time (t) = 9 months = 9/12 ×4 = 3quarters of a year By using the formula, A = P (1 + R/100)^n = 15625 (1 + 4/100)^3 = 15625 (104/100)^3 = Rs 17576 ∴ CI = Rs 17576 – 15625 = Rs 1951 Was This helpful?
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What is the compound interest on 16000 for 9 months?The compound interest on Rs. 16000 for 9 months at 20% p.a, compounded quarterly is Rs. 2522.
What will be the compound interest on rupees 15625 for 3 years at 8% per annum if the interest is compounded annually?= 4,058. Was this answer helpful?
What is the compound interest on the sum of ₹ 15625 for 2 years at the rate of 2% per annum if the interest is 8 months is composed?Thus the compound interest is 631 Rs.
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Find the compound interest on rs. 15625 for 9 months, at 16 % per annum, compounded quarterly
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