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14. Compound Interest
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Q14 of 89 Page 14

Find the compound interest on Rs. 15625 for 9 months, at 16% per annum, compounded quarterly.

Given,


Principal = Rs. 15625


Rate = 16% per annum =


Time = 9 months =


Hence,


Compound interest =


=


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15

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Questions · 89
14. Compound Interest
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