Question

1.Rs 10000 deposit into SBI for 3 year at 8% rate of interst compounded semi- annually calculate.
2. Rs 10000 deposit into SBI for 3 year at 8% rate of interest compounded quarterly?

Answer 1

Answer:

Explanation:

Formula is as under:-

Rs 10000 deposit into SBI for 3 year at 8% rate of interst compounded semi- annually calculate.

1.   10000*208/200*208/200*208/200*208/200*208/200*208/200

= 12653.19

Rs 10000 deposit into SBI for 3 year at 8% rate of interest compounded quarterly?

2.  10000*408/400*408/400*408/400*408/400*408/400*408/400

               *408/400*408/400*408/400*408/100*408/400*408/400

=  12738.36