Question

find the amount and the compound interest on 24000 for six monthsof it is quaterly at the rate of 20 paise a ruppe per annum

Answer 1

r%= 20/4 =5% , time period = 6/12×4= 2. and p= 24000 . = amount =p(1 +r/100) ^n = 24000 ( 1+ 5/100)^ 2yrs. ( solve the equation amount will come )