Question

find the compound interest on 25000 at 16% per annum for 6 month compounded quarterly​

Answer 1

Answer:

here, principal = ₹25000

rate = 16% per annum = (16/4)% per quarter = 4% per quarter,

time = 6 months = 2 quarter years

therefore, amount

=₹{25000×(1+4/100)2}

=₹{25000×26/25×26/25}

=₹27040

hence,compound interest

=₹(27040―25000)

=₹2040

hope it's help u.....