Question

Find Compund interest on Rs 47145 at 12% per annum for six months compunded quarterly ​

Answer 1

Answer:

P=Rs4000

T=6 months =6/12 years =1/2 years

R=12%

Since interest is compounded quarterly

∴ A= P(1+R/400)

(

1

4T

)

A=4000(1+12/400)

2

4

=4000(103/100)

2

=4243.6

C.I=A−P

=(4243.6−4000)

=Rs243.6.