Question

Find C.I. on Rs.25,000 for 6 months at 8% p.a. when the intrest is compounded quaterly​

Answer 1

Answer:

Rs 1010

Step-by-step explanation:

1 quarter = 12/4 = 3 months

T = 2 quarters,& rate quarterly R = 8/4=2%

c.i =p[ (1+ R/100)^T - 1]

=25000 [ (1 + 2/100)^2 - 1] = Rs 1010

Trick : 2% = 2/100

2/100*25000 = 500

c.i=500 + 500+ 2/100* 500 = 1010