Question

6. Find the compound interest on rupee 6250 at 16% p.a. for six months when the
interest is compounded quarterly?​

Answer 1

Step-by-step explanation:

p=6250

r=16%pa=4% quarterly

t=2terms=2 quarters

a=(6250+4%)+4%

a=625×104%×104%

a=676

intrest=676-625=51