Find the amount and compound interest on
10,000 borrowed for a year at 12% p.a.
compounded quarterly.
Answers
Answered by
5
Answer:
2155.06
Step-by-step explanation:
Answered by
7
Answer:
P=Rs. 10000
T=12mon =1 year
R=10% p.a.
Compounded half yearly
n=2
∴A=P[1+
n
R
]
nT
=10000[1+
2
10
]
2×1
=10000[
2
12
]
2
=10000×6×6
A=360000
C.I=A−P
=Rs. (360000−10000)
=Rs. 260000.
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