chapter - 9 ( compound interest)
1. sonia deposited a sum of rs. 35750 in a bank for half year compounded quarterly at 10% per annum. find thwe campound interest.
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Answer:
Rs.1809.84
Step-by-step explanation:
When compounded quarterly, the Rate becomes one-fourth and the Time is multiplied by 4.
Principal (P) = Rs.35750
Rate (R) = (10/4)% per annum
Time (n) = 1/2 × 4 years = 2 years
Amount (A) = P (1 + R/100)ⁿ
=> A = 35750 (1 + 10/400)²
=> A = 35750 × 41/40 × 41/40
=> A = Rs.37559.84
Compound Interest = A-P = Rs.(37559.84 - 35750) = Rs.1809.84
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₹1809.84 is the right answer
hope it helps you
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