find the compound interest on 80000 at 15%p.a for 1 year, if the compound interest is compounded after every 4 months​

Question

find the compound interest on 80000 at 15%p.a for 1 year, if the compound interest is compounded after every 4 months​

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Ximena 3 days 2021-10-10T08:11:48+00:00 1 Answer 0 views 0

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    2021-10-10T08:12:59+00:00

    Answer:

    so, the answer is 12,610

    Step-by-step explanation:

    Rate=15%(15%12=3

    4-x) =5%

    Time=12 months

    3×(4months)

    compound interest =80,000(1+R/100)n

    =80,000(1+5/100)³

    =80,000×105×105×105/100×100×100

    = 92610

    CI=Amount-Principal

    =9261080000

    =12610

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