Question

find the amount on rupees 5000 for 1 year at 8% p.a. compounded quarterly
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Answer 1

Answer:

Rate will be divided by 4 and time period multiplied by 4.

Step-by-step explanation:

$5000{(1 + \frac{2}{100} )}^{4}$

I hope now you can calculate yourself.

Answer 2

ANSWER

Given, Pricnipal=Rs. 5000

Rate =8%

Time =1 year, ⟹n=2∵ Compounded half-yearly

A=P(1+  

2.100

 

A=5000(1+  

200

8

​A=5000(  

200

208

200

208

A=5408

C.I=A−P

=5408−5000

=408

C.I.=408.