Question

a sum of rupees 8000 is invested at 8% per annum compounded quarterly what is amount after 6 months​

Answer 1

8000*8*1/2/100 80*4=320 8000plush320=8320amount

Answer 2

Answer:

8323.2

Step-by-step explanation:

P = 8000, Time(n) = 6 months = (1/2) years, R = 8%.

Here, interest is compounded quarterly.

A = P(1 + r/400)⁴ⁿ

  = 8000(1 + 8/400)²

  = 8000(408/400)²

  = 8000( 166464/160000)

  = 8000 * 1.0404

  = 8323.2

Hence, compound interest = 8323.2

#Hope my answer helped you!