Find the compound interest on Rs.50,000 for 6 months at 8% p.a. when the interest is
compounded quarterly
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- Principal = 50,000
- Time. = 1/2 year
- Rate. = 8%
- CI. = ?
A = P ( 1 + R /200)²n
= 50,000 ( 1 + 8/200)²×½
= 50,000 ( 208/200)¹
= 50,000 ( 26/25)1
= 50,000 × 26/25
= 2000 × 26
= 52,000
CI = A – P
CI = 52,000 – 50,000
CI = 2000
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your answer has. been given. in the pic
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