find the compound interest on rs 1,000 for 6 months at 20 per annum,compounded quaterly
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Step-by-step explanation:
P = Rs.1000 T = 6 months = 1/2 year R = 20%
Number of compounding periods per year = 4 (compounded quarterly)
A = P(1+ R/N)^NT
A = 1000( 1+ 0.2/4)^4 x 1/2
A = 1000( 1 + 0.2 /4)^2
A = Rs. 1102.50
C.I = A - P
= Rs. 1102.50 - Rs. 1000
= Rs. 102.50
I hope that it will help to youuu
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