Question

find the amount to be paid at the end of 6 months on rupees 1800 at 8% per annum compounded quarterly ?​

Answer 1

Answer:

The amount to be paid at the end of 6 months on Rs.1800 at 8% p.a compounded quarterly is Rs.1872.72

Step-by-step explanation:

Principal = Rs.1800

Rate of interest = 8% p.a. compounded quarterly

So, No. of compounds per year = 4

Time = 6 months = 0.5 years

Amount = P(1+\frac{r}{n})^{nt}Amount=P(1+

n

r

)

nt

Amount =1800(1+\frac{0.08}{4})^{4 \times 0.5}Amount=1800(1+

4

0.08

)

4×0.5

Amount =1872.72Amount=1872.72

Hence the amount to be paid at the end of 6 months on Rs.1800 at 8% p.a compounded quarterly is Rs.1872.72

Answer 2

Step-by-step explanation:

Refer the attachment...