Question

Find the amount and the compound interest on rs 10000 at 6 percent per annum for 6 months compounded quarterly

Answer 1

Answer:

Rate here for three months= 6/4

N= 2

P=10000

Step-by-step explanation:

$a = p {(1 + \frac{r}{100} )}^{n}$

$= 10000 {(1 + \frac{6}{4 \times 100} )}^{2}$

=10302.25 rupees amount

A=P+I

SO, INTEREST IS 302.25 RUPEES