5., Ajit borrowed 2,00,000 from a credit card company at 20% p.a. compounded quarterly.
Find the compound interest and the amount after one year.
Answers
Answered by
0
Answer:
43100
Step-by-step explanation:
A=p(1+
n
r
)
nt
p=2,00,000
r=20%. pa
n=1 year
t=4 years
∴A=2,00,000(1+
4
20
%)
1×4
=2,00,000(1+
100
5
)
1×4
=2,00,000(1.05)
4
=2,00,000(1.2155)
A=243100
I=A−P
=243100−200000
I=43,100.
Answered by
1
Answer:
Principal= 200000
Rate= 20%p.a compounded quarterly= 20/4= 5%p.a
Time = 1 year = 1*4 = 4 years
A/Q
C.I= P{(1+R/100)⁴-1}
= 200000{(1+5/100)⁴-1}
= 200000{(1+1/20)⁴-1}
= 200000{21/20*21/20*21/20*21/20-1}
= 200000{194481/160000-1}
= 200000{34481/160000}
= 200000*34481/160000
= 43101.25
Hope it will help you
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