it was a 8th class question the question is find the compound interest on rupees 10000 for 6 months at 20% per annum compounded quarterly please
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Answer:
CI=1025
Step-by-step explanation:
Principal=10000
Rate%=20
i=R/100=0.20
n=6/12=1/2
compound Quarterly=i/4=0.20/4
=0.05
Formula
CI=P[(1-i)^(4×1/2) -1]
CI=10000(1.05²-1)
CI=1025
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