Question

A sum of rupees 18800 is invested at 20% per annum compounded quarterly what is the amount after 6 months

Answer 1

P=18800

R=20% p.a compounded quaterly

6months=2quater

amt.=p(1+r/200)^2

=18800(1+20/200)^2

=18800(220/200)^2

=18800*22/20*22/20

=22748

Answer 2

20,727

hope it helps you ...