Question

find the amount and compound interest on rupees 24000 for 6 months if the interest is payable quarterly @ 20 paise per annum

Answer 1

principal=24000 (given)

time=6 month(given)

interest per annual =20paise (given)

rate
$rate \: = \frac{i \times 100}{t \times p} \\ = \frac{0.20 \times 100}{0.5 \times 24000} = \frac{2}{240 \times 5} \\ = \frac{1}{600} \\ \\ so \: the \: rate \: is: \frac{1}{600}$
$amoumt = p + i \\ = 24000 + .20 = 24000.20 \\ \\ hope \: help \: u \: \\ \\ please \: mark \: it \:as \: brainliet$