Question

find the compound interest on 20000 at 12% per annum for 6 months compounded quaterly
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Answer 1

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