Question

1.If ₹12000 taken for 2 years at 4% per annum compounded quarterly, then time period and rate is. (a) n = 2, R = 16% (b) n = 4, R = 1 %(c) n = 8, R = 1%. (d) n = 8, R = 16%​

Answer 1

Answer:

Given P=Rs.12,000,R=4% and n=2 years.

Using the formula,

A=P(1+

100

R

)

n

we get

A=12000(1+

100

4

)

2

=12000(

100

104

)

2

=12000(1.04)

2

=12,979.2.

Therefore,

C.I.=A−P=Rs.12,979.2−Rs.12,000=Rs.979.2.

Explanation:

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