Question

Find the total amount and total interest after six months if the interest is compounded every quarter. Principal =₹10 000 Rate of interest =20% per annum. ​

Answer 1

I=(PxRxT)/100
I=(10000x20x1)/100x2
I=200000/200
I=1000


Total Amount=10000+1000
Total Amount=11000

Answer 2

Answer:

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Step-by-step explanation:

I=(PxRxT)/100

I=(10000x20x1)/100x2

I=200000/200

I=1000

Total Amount=10000+1000

Total Amount=11000