find the compound interest on 20000 at 12% per annum for 6 months compounded quaterly
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Answer:
THEREFORE UR ANS IS 1218
Step-by-step explanation:
P=20000
R=12%
TIME =6 MONTHS=½ years
A =( 1+R/4×100)^4n ×P
=(1+12/400)²×20000
=(412/400)²×20000
=(103/100)²×20000
=(103/100)×(103/100)×20000
=103×103×2
=21218
CI =A-P
=21218-20000
=1218
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