Question

find the compound interest on 25000 for 6 months for 8% p.a. when the interestis compound quarterly​

Answer 1

Answer:

2040

Step-by-step explanation:

formula is p(1+r/100) square. 8%/2=4%  

25000×1+4/100×1+4/100

25000×104/100×104/100=27040

total rs=27040 then 27040-25000=2040

compound interest is 2040