Isha deposited Rs 20,000 in a finance company for one year. If the company pays interest at the rate of 25 percent p.a. compounded quarterly, find the interest received by Isha.
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Answered by
1
Answer:
5488.506
Step-by-step explanation:
Given!- Isha deposit amount in company ₹20,000 time = 1 year a finance
rate 25% p.a.
To Find! Interest quartedly = ?
solution:
P = ²20000
rate = 25%
time =
4 quarterly
compound Superest = 25$ 20.00 (14 4410) *27-2000
* $ 20000 ( 1+ + 2) + } .
-20000
: * $ 20000 (+7) * } . +} -20000
20000 (171x1x1x2-1)
16 16
> 20000 [83521-65536] =
oo [ = 20000 17985 65536
= 20000 X 0.2744
= 5488.586
sha=5488.586
Compound suforest received by Ans - Interest received = 5488.506 rupees.
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