Find the compound interest on Rs.32,000 for one year and date of 20% per annum of the interest is compounded quarterly
Answers
Answered by
0
Answer:
ANSWER
Principle (P)=Rs.32000 Time (T)=1 year
Rate R=20% per annum
Since it is compounded half year
the rate of interest is considered for the half yearly period
∴ Rate (R)=
2
20
%=10% per half year
Time(T) is 1 year=2 half-year
Amount=P(1+
100
R
)
T
=32000(1+
100
10
)
2
=32000(
100
121
)
Amount=38720
∴ Interest=Amount−Principle
=38720−32000
Interest=Rs.6720
Answered by
1
Answer:
Interest =32,000
Time=1*4
rate=20/4=5
amount=p(1+R/1oo)ñ
Amount=32000(1+5/100)4
Amount=320000*(105/100)4
amount=32000*105/100*105/100*105/100*105/100
Amount=37,044
Compound interest =37044-32000
Compound interest=5044
ans=ci=5044 Si=37,044
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