Question

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

Answer 1

Answer:

323.3

Step-by-step explanation:

P = 8000, R = 8% = 8/4 = 2%(For Quarterly), Time = 6 months = 6/3 = 2.

By using the formula,

A = P(1+r/100)^n

  = 8000(1 + 2/100)^2

  = 8000(102/100)^2

 = 8323.2

Compound Interest = 8323.2 - 8000 = 323.2

#Hope my answer helped you!

Answer 2

Answer:

323.2

Step-by-step explanation:

p=8000,r=8%=8/4=2%(for quarterly),time=6months=6/3=2.

by using the formula

A=p(1+r/100)^n

8000=(1+2/100)^2

8000=(102/100)^2

=8323.2

compound interest=8323.2-8000=323.2