Question

4. Find the amount at 20% p.a. compound interest on 500 after 2 years. 8. Api valu 2 ye 1​

Answer 1

Answer:

Here P=500 Rs.,

n=4 (because Compounded quarterly) and R=

4

2

(Compounded quarterly)

Amount(A)=P(1+

100

R

)

n

=500(1+

4×100

2

)

4

=500(

200

201

)

4

=500(1.005)

4

=510.07 Rs.

Compound interest(C.I)=A−P=510.07−500=10.07Rs.

Hence, the compound interest is 10.07Rs..

Answer 2

Answer:

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