Question

Find the amount and CI for ₹8000 at the rate of 10% compounded quarterly for 1 year.​

Answer 1

Step-by-step explanation:

Given:

P = Rs 8, 000

R = 10 % p . a .

n = 1 . 5 years

When compounded half - yearly, we have:

A=P(1+R200)2n

= Rs 8,000(1+10200)3

= Rs 8,000(1.05)3

= Rs 9, 261

Also,

CI = A - P

= Rs 9, 261 - Rs 8, 000

= Rs 1, 261