Question

A sum of ₹10000 at 8% per annum for six months compounded quarterly amounts to-​

Answer 1

Answer:

10,609

Step-by-step explanation:

p = 10,000

T = 6 month =6/12*4=2 quarterly

R = 12%=12/4=3

A = P(1+r/100)

A = 10,000*(1+3/100)*2

A = 10,000*(103/100)

A = 10,000*103/100*103/100

A = 10,609

Answer 2

Answer:

10404

Step-by-step explanation:

Answer:

p=10,000

T=6 month =6/12*4=2 quarterly

R= 8%=8/4=2

A=P(1+r/100)

A=10,000*(1 + 2/100)*2

A=10,000*(102/100)

A=10,000*102/100*102/100

A=10,404

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