Question

find the compound interest on rupees 6000 for the year at the rate of 4% per annum if the interest is compounded quayerly​

Answer 1

Principal = Rs.6000

Rate of interest = 4% p.a.

Time = 1 year

To Find:-

Compound interest, if the interest is compounded half-yearly

Compound interest, if the interest is compounded quarterly.

Solution:-

Firstly as we are given with the values of:-

Principal = Rs.6000

Rate = 4% p.a.

Time = 1

i) Let us find the compounded interest is the sum is compounded half-yearly.

We know,

See the attachment for solution

Answer 2

Answer:

Step-by-step explanation:

The compound interest on Rs. 6000 at 10% per annum for one year ,compounded half-yearly is =6000×(1+  2×100

100

​

)  

2

−6000

=6000×  

20

21

​

×  

20

21

​

−6000

=6615−6000=615.

So the compound interest is Rs. 615.