What is the compound interest on Rs 8000 for 6 months at 20% per annum compounded quarterly?

P = Rs 8, 000T = 9 months = 3 quartersR = 20 % per annum = 5 % per quarter\[A = 8, 000 \left( 1 + \frac{5}{100} \right)^3 \]\[ = 8, 000 \left( 1 . 05 \right)^3 \] = 9, 261The required amount is Rs 9, 261.Now, CI = A - P= Rs 9, 261 - Rs 8, 000

= Rs 1, 261

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