Question

Find 5he compound interest on rs 10000 for 6 months at 12% per annum, compounded quarterly.
solve in steps​

Answer 1

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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