Question

Find the amount and the compound interest at the rate of 10% per annum for 1.5 years on a sum of ₹8000 when compounded quarterly olso please don't tell only answer explain the method also​

Answer 1

Answer:

Rs.6160

Step-by-step explanation:

A=P(1+

100

R

)

n

Given:-

R=10%

n=1.5 years=6 quarters

P=Rs.8000

Therefore,

A=8000(1+

100

10

)

6

⇒A=8000×(

10

11

)

6

⇒A=8000×(1.1)

6

⇒A=8000×1.77≈Rs.14160

Therefore,

C.I.=A−P

⇒14160−8000=Rs.6160