find the amount of 24500 in 6 months at 8% per annum when interest is compounded quarterly.
Answers
Answered by
1
P = 24500
R = 8%
T = 6 months = 1/2 of a year
C.I = PRT/4*100
= 24500*8*1/2/4*100
= 24500/100
= 245
hope it helps you
R = 8%
T = 6 months = 1/2 of a year
C.I = PRT/4*100
= 24500*8*1/2/4*100
= 24500/100
= 245
hope it helps you
Similar questions