Question

Calculate the value of an investment of rupees 4000 at 6% per annum for 2 year with interest amount quarterly

Answer 1

Answer:

4000*6*2/100

:-40*6*2

:-480

Answer 2

Step-by-step explanation:

P=Rs4000

T=6 months =6/12 years =1/2 years

R=12%

Since interest is compounded quarterly

∴ A= P(1+R/400)

(

1

4T

)

A=4000(1+12/400)

2

4

=4000(103/100)

2

=4243.6

C.I=A−P

=(4243.6−4000)

=Rs243.6.