Question

Find the compound interest on ruppes 1000 for 6 month at 20% per annum compounded quaraterly

Answer 1

Answer:

Given, Principal = P = Rs. 1000

Time = T = 6 months =  years =  year

Rate of interest = R = 20 % =  = 0.2

N = Number of compounding periods per year = 4 (compounded quarterly)

A = Amount after T years

Compound Interest = C.I = A - P

Now,  

=> A = Rs. 1102.50

C.I = A - P = Rs. 1102.50 - Rs. 1000 = Rs. 102.50

Hence, the compound interest is 102.50

Step-by-step explanation:

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