Question

d. 10,000 for 6 months at 2 % per annum compounded quarterly. ​

Answer 1

10,000 for 6 months at 2 % per annum compounded quarterly.

Principal = 10,00

Time = 6 months = 2 quanter

Rate = 2 % per annum =2/2 = 1% per quantum

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Formula used

P[1+r/100)r

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= 10,000 [1+1/100]²

= 1000×101×101/100×1000

= 10201

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Some formula :-

• S.I = P×R×T / 100
• R = 100×S.I/P×T
• T = 100×S.I/P×R