A sum of ₹25000 was Lent at 10%per annum for 6 months . Find the amount when the interest is being compounded half yearly and quarterly
Answers
Answered by
33
Step-by-step explanation:
principle=25000.
rate=10%.
time=1/2yr.
interest for first part=
25000×10×1/2×1/100=1250.
amount=principle +interest.
=25000+1250
=26250.
so,principle for 1/4 year is now 26250.
interest for next part=26250×1/4×10×1/100
=656.25
amount for second part
=principle +interest
=26250+656.25
=26906.25.
compound interest=final amount-original principle
=26906.25-25000
=1906.25.
final amount=26906.25
compound interest =1906.25
i hope it is helpful!!
Answered by
0
Step-by-step explanation:
amount = 1906.25
compound interest = 1906.25
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