Question

how much would a Sum of rupees 16000 amount to in 1 year at 20% per annum if the interest is compounded quarterly​

Answer 1

Answer:

HERE IS YOUR ANSWER....

P = ₹16000

T = 1yr = 1/4 yrs

R = 20%

1st quarter

SI= P × T × R /100

=16000×1×20/ 4 × 100

= ₹ 650

Amount(A) = 16000 + 650

= ₹16650

2nd quarter

SI = P×T×R/100

= 16650 × 1 ×20 / 4 × 100

= 1665 / 2

= 832.5

A = 832.5 + 16650

= ₹17482.5

3rd quarter

SI = P×T×R/100

= 17482.5 × 1 × 20 / 4 × 100

= 874.13

A = 874.13 + 17482.5

= ₹ 18356.63

4th quarter

SI = P×T×R/100

= 18356.63 × 1×20/4×100

= 917.83

A = 917.83 + 18356.63

= ₹ 19274.46

C.I = FA - OP

= 19274.46 - 16000

C.I = ₹ 3274.46

HOPE IT HELPS YOU......

PLEASE MARK AS BRAINIEST...

Answer 2

Answer:

ci = ...............3274.46