Math, asked by devsinha62, 7 months ago


Find the compounded interest for six months on Rs.10,000 at an annual rate of
interest of 12% if the interest is compounded every 3 months.
co that he
10.​

Answers

Answered by rajeevr06
2

Answer:

Amount after 6 months =

10000 \times (1 +  \frac{3}{100} ) {}^{2}  = 10000 \times  \frac{103}{100}  \times  \frac{103}{100}

 = 103 \times 103 = 10609

so compound interest = 10609 – 10000 = ₹ 609. Ans

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