Math, asked by rajifcg, 4 hours ago

Calculate the amount and compound interest by the simple interest method on 1,20,000 Conversion Peri for 1 year at 16% per annum compounded quarterly.

( Answer it as soon as possible please... It will really help me a lot & I will mark you as brainiest ☺️. )​

Answers

Answered by Anonymous
1

Answer:

20,000

1 year compounded semi-annually

Rate=16%

As the interest is compounded semi-annually so the rate is divided by 2

and the time is multiply by 2

∴A=P(1+2×100R)

T×2

⇒A=20,000(1+  100

8  )  2

⇒A=20,000×100 x 108 x 100

108

​⇒A=2×108×108

⇒A=Rs.23328

∴C.I=23328−20000=Rs.3328

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