Question

..
If Rs.10,000 is invested at 8% per year compound quarterly, then the value of the investment after 2
years is:
[a]Rs. 11,716.59 [b]Rs. 10,716.59 [C] Rs. 117.1659 [d]None of the above
​

Answer 1

Answer:

principal amount given is Rs. 10, 000

Interest rate is 8% per year for 12 months.

It is compounded half yearly.

So,After 6 months, interest added =

100

8

×10,000

=Rs.800.

Sum = 10000+800

=Rs. 10,800.

After 12 months, It is compounded with interest

=10,800×

100

8

=Rs.8.64

∴ Compound interest =800+864

=Rs.1664

Hope this helps you!!

Answer 2

Answer:

It's below

Step-by-step explanation:

principal amount given is Rs. 10, 000

Interest rate is 8% per year for 12 months.

It is compounded half yearly.

So,After 6 months, interest added =

100

8

×10,000

=Rs.800.

Sum = 10000+800

=Rs. 10,800.

After 12 months, It is compounded with interest

=10,800×

100

8

=Rs.8.64

∴ Compound interest =800+864

=Rs.1664