Find the time period and the rate for a sum of ₹ 15,000 taken for 1 1/2
years at 10% per annum compounded quarterly
Answers
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Step-by-step explanation:
(i)
A=P(1+
100
r
)
n
=15000(1+
100
10
)
2
=Rs18150
CI=A−P=Rs3150
(ii)
A=P(1+
100
r/m
)
n∗m
=156250(1+
100
8/2
)
1.5∗2
=Rs175760
CI=A−P=Rs19510
(iii)
A=P(1+
100
r/m
)
n∗m
=100000(1+
100
4/4
)
0.75∗4
=Rs103030.1≈Rs103030
CI=A−P=Rs3030
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