Question

Hey guys
Please help

A sum of Rs 2000 is invested
for at the rate of 10%
per annum find the
ammount if the interest is
compounded quartely
​

Answer 1

Answer:

ANSWER

For monthly compounding

n=12×2=24,i=0.1/12=0.00833

A

24

=2000(1+0.00833)

24

=2,000×1.22029

=Rs.2,440.58

Step-by-step explanation:

I hope this answers is helpful for you

Answer 2

Step-by-step explanation:

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♡

↪ For semiannual compounding.

n=2×2=4

i=0.12=0.05A 4

=2,000(1+0.05) 4

=2,000×1.2155

=Rs.2,431

♡