Question

find the compound interest on rs 25000 for 6 months at 8% per annum when the interest is compounded quarterly

Answer 1

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Answer 2

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 I think it's help you