A sum of rupees 10000 at 8% per annum for 6 months compounded quarterly amounts to
Answers
Answered by
33
Answer:
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)
A10,000*103/100*103/100
A=10,609
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Answered by
20
Answer:
quarter's we know that = r=r/4%p.q and t =4n q
given ,
p=10000
r = 2%
t = 2quarters
amount = p[1+r/100]^n
= 10000[1+2/100]^2
=10000[102/100]^2
=10000[102/100×102/100]
=10000×102/100×102/100
=10404
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