find out the compound interest of rs1000for 6month and 4 %rate of interest being compounded quarterly and also find equivalent rate of interest
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there is 4 quadrants
so time=6×4=24 months or 2 year
rate =4/4=1%
1000{ (1+1/100)^2-1}
=1000(10201-10000}/10000
=20.1
hope this helps you..
so time=6×4=24 months or 2 year
rate =4/4=1%
1000{ (1+1/100)^2-1}
=1000(10201-10000}/10000
=20.1
hope this helps you..
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