Find 5he compound interest on rs 10000 for 6 months at 12% per annum, compounded quarterly.
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Step-by-step explanation:
P=Rs. 10000
T=12mon =1 year
R=10% p.a.
Compounded half yearly
n=2
∴A=P[1+nR]nT
=10000[1+210]2×1
=10000[212]2
=10000×6×6
A=360000
C.I=A−P
=Rs. (360000−10000)
=Rs. 260000.
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