Question

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 ​

Answer 1

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