Question

Compute C.I. on ₹9200 for 6 months at 6% per annum when the interest is compounded quarterly.​

Answer 1

$\huge\boxed{\fcolorbox{yellow}{orange}{☞✿ANSWER:-}}$

GIVEN :-

P = ₹92000

R = 6% p.a

TO FIND :-

Interest is Compounded Quarterly

SOLUTION :-

n = 6 months = ½ year

For compound quaterly

Amount = P(1+R/4×100)⁴ⁿ

= 92000(1+6/400)^4×½

= ( 1,610 )⁴/²

= ( 1,610 ) ²

= ₹2592100

Compound interest = Amount - Principal 

= 2592100 - 92000

= 2,500,100

So,

Compound Interest = 2,500,100