Question

2. Find the amount and C.I. if the interest is

compounded quarterly. (a) Principal = 8000, Rate = 16%

Time = 9 months

(b) Principal = 20000, Rate = 16%

Time 6 months

(c) Principal = 28000, Rate = 12% per annum = Time 9 months

(d) Principal = * 10,000, Time = 6 months Rate = 10% per annum​

Answer 1

I am not sure but from my side the answer are

Answer 2

Answer:

ANSWER

We know formula for compound interest compounded quarterly

Amount=P(1+

n

r

)

nt

CompoundInterest=Amount−Principal

Given,

principal=Rs8000

Time=9months=9/12months

Rate=20%

=8000(1+

4

.2

)

12

9

×4

=8000(1+0.05)

3

=8000(1.05)

3

=8000×1.15762=9261

Amount is Rs9261

Compound interest will be=(9261-8000)=Rs1261