Question

Find the amount and compound interest on rupees 3000 for 6 months at 20% per annum compounded quarterly.

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Answer 1

Step-by-step explanation:

1. see in the, question says that intrest and time is compounded quarterly.

2. so, divide the intrest with 4 and multiply the time with 4.

3. now, put the values in the formula of amount that is P(1+R/100)^T.

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Answer 2

Answer:

SI=?

P=3000

T=1/2

R=20%

SI=P×T×R/100

SI=3000×1/2×20/100

SI=3000/2×20/100

SI=1500×20/100

SI=30000/100

SI=300