Question

Find the compound interest on 25,000 for 6 months at 8% p.a. when the interest
is compounded quarterly.​

Answer 1

Answer:

1010

Step-by-step explanation:

6 months = 2 quarters & rate quarterly

= 8/4 = 2%

c.i = 25000[(1 + 2/100)^2 - 1]

= Rs1010

Hope it Helps !!!