Question

1 Principal=Rs20000 Rate=20% per annum compounded quaterly Time=1 year​

Answer 1

Answer:

Given:

Principal = Rs. 20000,

Rate = 10 % per half-year,

Time = 1 years = 2 half- years

Formula:

Amount = P (1 + (R/2)/100)2n

Calculations:

Amount = 20000 [1 + 10/100]2

Amount = Rs. 24,200

Compound Interest = Total amount – Principal

⇒ 24,200 – 20000

⇒ Rs.4200

∴ The required answer is Rs 4200.