how much would a Sum of rupees 16000 amount to in 1 year at 20% per annum if the interest is compounded quarterly
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Answered by
5
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......
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Answered by
2
Answer:
ci = ...............3274.46
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