Question

Hi friends help me ..... Q.1 Find the amouunt and the compound interest on rupees 24000 for 6 months if the interest is payable quarterly at the rate of 20 paise a Rupee per annum ?

Answer 1

You can know the answer from the attachment

Answer 2

$\huge\red{Hello\: Friend}$

Here is your answer
P = Rs 24000
T = 6 months = n = 2 for quarterly
R = 20 paise/Rs p.a
$= \frac{20 \times 100}{100} \%p.a \\ = \frac{20}{4} \% \: p.quarterly \\ = 5\% \: per \: quarterly$
Now We know the formula
A = P(1+R/100)^n
$=24000(1 + \frac{5}{100} ) {}^{2} \\ = 24000( \frac{21}{20) {}^{2} } \\ = \frac{24000 \times 21 \times 21}{20 \times 20} \\ = 26460$
So CI = A -P
$= 26460 - 24000 \\ = 2460$
Hence
Amount = Rs 26,460
Compound Interest = Rs 2460

Hope it helps you