find the compound interest on 10000 for 12 months at the rate of 10% per annum if the interest is compounded quarterly
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Answer:
P=Rs. 10000
T=12mon =1 year
R=10% p.a.
Compounded half yearly
n=2
∴A=P[1+
n
R
]
nT
=10000[1+
2
10
]
2×1
=10000[
2
12
]
2
=10000×6×6
A=360000
C.I=A−P
=Rs. (360000−10000)
=Rs. 260000.
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